https://www.taxtmi.com/circulars?id=7409 Private bonded warehouses are to be licensed through the Assistant Commissioner of Customs; they may import and warehouse goods without import licences (except prohibited items, arms and ammunition, and hazardous waste and chemicals). Import licences become necessary only when goods are cleared for home consumption-items on the Negative List require presentation of the appropriate licence at clearance. Supplies to Advance Licence holders are allowed duty-free subject to requisite legal undertaking or bank guarantee; goods may alternatively be cleared on payment of duty against specific licences or with DEPB adjustments, and no further endorsements on import licences are required for warehouse supplies. en-us Mon, 25 May 1998 00:00:00 +0530 Wed, 09 Sep 2009 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7409 Private bonded warehouses are to be licensed through the Assistant Commissioner of Customs; they may import and warehouse goods without import licences (except prohibited items, arms and ammunition, and hazardous waste and chemicals). Import licences become necessary only when goods are cleared for home consumption-items on the Negative List require presentation of the appropriate licence at clearance. Supplies to Advance Licence holders are allowed duty-free subject to requisite legal undertaking or bank guarantee; goods may alternatively be cleared on payment of duty against specific licences or with DEPB adjustments, and no further endorsements on import licences are required for warehouse supplies. Circulars DGFT Mon, 25 May 1998 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7409