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of <h1>New Regulations for Public Warehouse Licensing Under Customs Act 1962: Key Requirements and Compliance Details.</h1> The Public Warehouse Licensing Regulations, 2016, issued by the Central Board of Excise and Customs under the Customs Act, 1962, outline the licensing process for public warehouses. Applicants must be Indian citizens or registered entities, provide a solvency certificate, and meet specific conditions. Licenses are granted by the Principal Commissioner or Commissioner of Customs and remain valid unless canceled. The regulations specify conditions for insurance, indemnity, and appointing a qualified warehouse keeper. Licenses are non-transferable and can be surrendered if certain criteria are met. Existing warehouses must comply with these regulations within three months of their commencement.
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