Customs and Excise Act, 1964 (Act No. 91 of 1964)Chapter VIII : Registration, Licensing and Accredited Clients61. Customs and excise warehouse licences |
| (1) | Before a customs and excise warehouse is licensed the person applying for such licence shall furnish such security as the Commissioner may require. |
| (2) | The Commissioner may at any time require that the form, nature or amount of such security shall be altered or renewed in such manner as he may determine. |
| (3) | The Commissioner may by endorsement permit a licence to be transferred from one customs and excise warehouse to another customs and excise warehouse in the area controlled by the same Controller and in the possession of the person to whom the licence has been issued, but no customs and excise warehouse licence shall be transferable from one person to another. |
| (4) |
| (a) | Not more than one licence shall be issued in respect of any customs and excise warehouse: Provided that the Commissioner may, on such conditions as the Commissioner may in each case impose, issue a licence— |
| (i) | to the owner or person in possession or control of any customs and excise storage or manufacturing warehouse in which excisable or fuel levy goods are stored or manufactured; and |
| (ii) | to each person who obtains for distribution on own account these goods from any such warehouse. |
| (b) | The owner or person in possession or control of such warehouse who is so licensed shall be liable for the fulfilment of all obligations under this Act in respect of such goods in such warehouse. Provided that each person to whom a licence is so issued shall be liable for any liability incurred under this Act in respect of goods so obtained from such warehouse. |