Revision of the policy of Customs bonded warehouses in the interior of the country - Customs - F. No. 473/349/87-Cus. VII

Revision of the policy of Customs bonded warehouses in the interior of the country Government of India Ministry of Finance (Department of Revenue) Central Board of Excise Customs New Delhi F. No. 473/349/87-Cus. VII Dated 20-7-1989 Subject : Revision of the policy of Customs bonded warehouses in the interior of the country. Reference to Board's instructions F. No. 473/147/79-Cus.VII, dated 7-7-1980. 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 of permission to operate customs bonded warehouses. It has been decided that State Warehousing Corporations may be permitted to operate public bonded warehouses in interior towns/industrial areas where Central Warehousing Corporation does not have a warehouse, without the requirement of a 'no objection certificate' from the Central Warehousing Corporation. This is in supresession of the decisions conveyed in Board's letter F. No. 473/349/87-Cus. VII, dated 28th September, 1988 and 10th November, 1988. 2. A policy decision has also been taken by the Board to permit private bonded warehousing of goods which require specialised storage conditions if CWC or SWC warehouses are not in a position to provide such specialised facilities. 3. The decision regarding appointment of Public bonded warehouses of State Warehousing Corporation may be taken by the jurisdictional Collector after satisfying the requirements. As regards grant of private bonded warehouses licenses on specialised material indicated in para 2 above, all such applications may be forwarded to the Board by the Collectors with their recommendations for decisions on merit. 4. Board's instructions dated 7-7-1980 may be deemed to have been modified to this extent.