Private Warehouse Licensing Regulations, 2016 - 71/2016 - Customs - Non Tariff

Private warehouse licensing criteria require eligibility, solvency, insurance and operational safeguards for storing dutiable imported goods.

Regulations create licensing requirements for private warehouses storing dutiable imported goods: applicants must meet eligibility criteria, furnish undertakings and a solvency certificate (except government undertakings), and may be refused where insolvency, conviction, unsound mind, pending proceedings, or unsuitable premises exist. Before grant, an all-risk insurance policy in favour of the President of India, undertakings to pay duties and indemnify customs, and appointment of an experienced warehouse keeper are required. Licences are non-transferable, valid until cancelled, and surrender is permitted subject to clearance of dues and absence of warehoused goods or pending proceedings.