Duties of customs are levied on goods imported or exported from India at the rate specified under the customs Tariff Act, 1975 as amended from time to time or any other law for the time being in force. For the purpose of exercising proper surveillance over imports and exports, the Central Government has the [...]

The importers who do not intend clearing the imported goods for “home consumption” straightaway, may choose to warehouse the goods , store the goods under customs control or custody, and clear the same subsequently either wholly or in part, in piecemeal, on payment of customs duty due.
Warehouse could be appointed or licensed as ‘public’ [...]