December 2012
Intermediate to advanced
561 pages
22h 33m
English
Content preview from Logistics Management ,3rd Edition by Pearson
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Government Policies and Regulations • 311
called bonded warehouses until it is cleared through customs formalities. The goods are released
to the consignee after the duties are paid. Bonded warehouses may be under private or public
authority. The commissioner of customs issues the licence for the operation of bonded warehouses
to parties who fulfi l the requirements stipulated in the Indian Customs Act. These licences are
issued against security deposits and under certain term and conditions.
19.2 TRANSPORTATION
The country has entered into a deregulation environment in transportation except for rail trans-
portation. Due to globalization ...
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