Public warehouse licensing requires eligibility, compliance undertakings and solvency assurances, with exemptions for government entities. Appointment and licensing of public warehouses under Section 57 empower the Principal Commissioner or Commissioner of Customs to grant licenses subject to ... Summary
Public warehouse licensing requires eligibility, compliance undertakings and solvency assurances, with exemptions for government entities.
Appointment and licensing of public warehouses under Section 57 empower the Principal Commissioner or Commissioner of Customs to grant licenses subject to prescribed conditions; applicants must be Indian citizens or lawfully incorporated entities, submit an undertaking to comply with specified terms, and furnish a solvency certificate from a scheduled bank, with an exemption from the solvency certificate for Central or State Government undertakings, Union territories, and notified major ports.
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