Private Bonded Warehouses -Further Guidelines

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the existing private bonded warehouse licences by giving them suitable time for compliance with the fresh requirements. The time limit may be fixed two months from the date of issued of your public notice / trade notice. The applications for private bonded warehouse licences may be classified in two categories. The first category being of those who want to store sensitive goods such as liquors, cigarettes, foodstuffs, consumables, etc. The second category is of those who do not store sensitive goods but store non- sensitive goods. 3. Guidelines for Storing Sensitive Goods (i) The new applicants who are intending to store sensitive goods should be asked to produce a solvency certificate (not a reference or confidential certifi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....directors are not involved in any customs duty evasion or smuggling offence and have not been subject to a penalty or other action under the Customs Law and similarly under the Central Excise law. Where the applicants have been found to be involved in such offences (other than technical offenses), Commissioners may deny licences to such applicants; (vii) In respect of existing warehouse-keeprs if their track record has not been found satisfactory or cases have been registered for illegal removal or improper compliance of the rules and regulations, immediate action should be taken to cancel their licences after observing the principles of natural justice. Where duty evasion is found to be more than one lakh either in individual case....