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of <h1>Licensed Custodians Face Penalties for Unlawful Removal of Warehoused Goods Under Section 73A of Customs Act, 1962</h1> Section 73A of the Customs Act, 1962 mandates that warehoused goods remain under the custody of licensed individuals until cleared or transferred. These custodians have prescribed responsibilities. If goods are removed unlawfully, the licensee faces penalties, including duty and fines. The Warehoused Goods (Removal) and Warehouse (Custody and Handling of Goods) Regulations, amended between 2016 and 2020, do not apply to warehouses operating under section 65, but remain applicable to others.
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