Bonded warehouse liberalisation allows private custodians and broader private licensing subject to security and financial safeguards. Policy now permits private operators as custodians of public bonded warehouses subject to Commissioner scrutiny of financial viability, credibility, past compliance, expertise, premises suitability and security, and acceptance of customs officer cost-recovery or MOT/supervision charges. Private bonded warehouse licences are to be decided by Commissioners without Board reference, with no restriction on types of goods; licences should be granted where applicants are financially sound, credible, free of recent customs or excise evasion, and premises are suitable and secure. Pending applications will be processed accordingly and implementation difficulties reported to the Board.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Bonded warehouse liberalisation allows private custodians and broader private licensing subject to security and financial safeguards.
Policy now permits private operators as custodians of public bonded warehouses subject to Commissioner scrutiny of financial viability, credibility, past compliance, expertise, premises suitability and security, and acceptance of customs officer cost-recovery or MOT/supervision charges. Private bonded warehouse licences are to be decided by Commissioners without Board reference, with no restriction on types of goods; licences should be granted where applicants are financially sound, credible, free of recent customs or excise evasion, and premises are suitable and secure. Pending applications will be processed accordingly and implementation difficulties reported to the Board.
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