Section 26
Licensed warehouse
In respect of any warehouse of the authority, approved and appointed as a licensed warehouse under any written law for the time being in force, the authority may give general security by bond or otherwise for—
Port Authorities 41
(a)
the payment of the import duty payable in respect of goods stored in such licensed warehouse; or
(b)
the due exportation of such goods.
(2)
When such security has been given by the authority no further security shall be required by the Government from any other person to the same effect.
(3)
Any person who is, or has the powers of, a revenue officer under any written law for the time being in force, shall at all times—
(a)
be admitted to any part of premises approved and appointed as a licensed warehouse; and
(b)
be permitted to inspect the books kept in connection therewith and the stock contained therein.