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    <description>Warehousing permits storage of excisable goods in registered warehouses without immediate duty, subject to prescribed application, invoicing and certification procedures; warehouse-owners must maintain detailed inward/outward registers and are liable for custody, duty, interest and penalties. Export warehousing operates under a general bond with security, CT-2 and ARE forms, and a Running Bond Account; proof of export by customs-attested ARE-1 is required for bond credit, while diversion to home consumption requires payment of duty and interest and appropriate adjustments.</description>
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      <description>Warehousing permits storage of excisable goods in registered warehouses without immediate duty, subject to prescribed application, invoicing and certification procedures; warehouse-owners must maintain detailed inward/outward registers and are liable for custody, duty, interest and penalties. Export warehousing operates under a general bond with security, CT-2 and ARE forms, and a Running Bond Account; proof of export by customs-attested ARE-1 is required for bond credit, while diversion to home consumption requires payment of duty and interest and appropriate adjustments.</description>
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