Bonded Warehouse Licensee to clear off goods within 7 days after cancellation of license: HC

Acme Ware Housing Private Limited Vs Principal Commissioner (Preventive) (Madras High Court) The licensee under the Bonded Warehouse Scheme acts as an Agent on behalf of the Customs Department for that purposes and the provisions of Sections 57 to 73A in Chapter IX of the Customs Act, 1962 read with The Warehouse (Custody and Handling of Goods) Regulations, 2016, deal with these issues in detail. Section 58B of the Act, under which the said license was cancelled by the concerned authority, clearly stipulates vide Section 58B (4) of the Act that where the license issued under Section 57 or Sect...