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Payment of rent and warehouse charges [Section 63]

Payment of rent and warehouse charges [Section 63] :

(1) The owner of any warehoused goods shall pay to the warehouse keeper, rent and warehouse charges at the rates fixed under any law for the time being in force and where no rates are so fixed, at such rates as may be fixed by the Principal Commissioner/Commissioner of Customs.

(2) If any rent or warehouse charges are not paid within ten days from the date when they became due, the warehouse keeper may, after notice to the owner of the warehoused goods and with the permission of the proper officer cause to be sold (any transfer of the warehoused goods notwithstanding) such sufficient portion of the goods as the warehouse keeper may select.

In the case of the public bonded warehouse, normally the port trust in the major ports and the central warehousing authorities in other interior places is the owner of the warehouse. Naturally these authorities will charge the owners of the warehouse for the storage. This cargo will generally consist of the storage rent and other maintenance charges like electricity, cleaning, security etc.

The rates for these charges may be fixed by the Government or quasi Government authorities concerned. If they are not so fixed, the Customs Act gives the power to the Principal Commissioner/Commissioner of Customs concerned.

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