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TMI BlogPublic/ Private bonded warehouses procedure liberalisedX X X X Extracts X X X X X X X X Extracts X X X X ..... ic bonded warehouses and licensing of private bonded warehouses has been conducted by the Board. Consequently, it has been decided to liberalise the procedure on the lines indicated in the succeeding paragraphs. 2.0 Appointment of Public Bonded Warehouses :- 2.1 The existing policy of appointing only Central Warehousing Corporation and State Warehousing corporations as the customs of the publi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e feasibility and financial viability of the warehouse operator, his credibility, his financial status, his past record to comply with Customs & Excise Laws, his expertise in warehousing field, etc. should be given due consideration. Besides, operational requirements such as, suitability and security of the premises, availability of customs expertise, proximity to the users, etc. are also to be ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecialised storage/ handling facilities, e.g., liquid in bulk, hazardous goods, explosive goods, goods requiring controlled temperature conditions, etc. From now onwards, irrespective of whether the goods fall in the above categories or not, the private bonded warehouse licences may be granted. The existing practice of allowing only industrial raw-materials/ components to be warehoused in inland ar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of Customs are being processed in the Board. Other pending applications will be sent to the respective Commissioner and the same may be disposed of in the light of the above instructions. 5. Any difficulties likely to be faced as a sequal to the above liberalisation may be brought to the notice of the Board. The contents of this letter may be circulated to the public by issue of a public notic ..... X X X X Extracts X X X X X X X X Extracts X X X X
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