Revision of the policy of public bonded customs warehouse - Customs - F. No. 473/349/87-Cus. VII

Revision of the policy of public bonded customs warehouse F. No. 473/349/87-Cus. VII Dated 28-9-1988 Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Revision of the policy of public bonded customs warehouses. Attention is invited to Board's instructions F.No. 473/147/79-Cus. VII dated 7th July, 1980 and to say that the policy of appointing public bonded warehouses has been reviewed by the Board in the light of representations received from the State Warehousing Corporations for grant to permission to operate customs bonded warehouses. It has been decided that Warehousing Corporations of the States may be allowed to operate public bonded warehouses only in those warehousing stations where the Central Warehousing Corporation does not operate a warehouse. The applications from the State Warehousing Corporations (SWC) may be entertained on the basis of a no objections certificate from the Central Warehousing Corporation to the effect that they have no objection to the Customs Department appointing a public bonded warehouse run by the State Warehousing Corporation at that Station. 2. Warehouses run by SWCs may be appointed as public bonded warehouses under Section 57 of the Customs Act on the above basis. However, care should be taken that such warehouse are appointed only in industrial areas where the need for a public bonded warehouse is justified. 3. Boards instructions dated 7-7-1980 may be deemed to be modified to this extent. A monthly report containing the details of public bonded warehouses appointed in favour of CWC and SWC's may be sent to the Board.