Section 7 (A).12 An owner or guardian of a godown
shall pay an annual license fee for each godown approved under
section 6 or section 7 as prescribed by the Minister in a Ministerial
Regulation.
Section 8.13 The Director-General may approve and
designate a place for the examination and storage of imported
goods as a bonded warehouse and may prescribe procedures and
limitations on the storage of goods including the regulations for
operation, inspection and control of the bonded warehouse as he
deems fit.
In order to secure the payment of tax, duty or other
dues which may be required by the Customs Department under the
law or an agreement, the Director-General may require an owner or
guardian of a bonded warehouse to provide security by bond and/or
otherwise to his/her satisfaction.
An owner or guardian of a bonded warehouse shall
pay an annual licence fee as prescribed by the Minister in a
Ministerial Regulation.