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<h1>Section 58 Customs Act: Licensing Private Warehouses for Dutiable Goods Requires Insurance, Duties, Indemnity, and Experienced Keeper.</h1> Under Section 58 of the Customs Act, 1962, the Principal Commissioner or Commissioner of Customs can license private warehouses for storing dutiable goods. To obtain a license, applicants must meet several conditions: provide an all-risk insurance policy covering various risks in favor of the President of India, undertake to pay any applicable duties and penalties, indemnify customs authorities against losses, and appoint an experienced warehouse keeper. These requirements ensure compliance and accountability in warehousing operations.