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INDIRECT TAXES - Warehousing of Goods (click on heading below then click again) Classes of Warehouses Purposes of Warehouses Licensing of Warehouses Warehousing of Petroleum Products Duty Free Shops Licensing of Duty Free Shops Licensing of Warehouses A person or company applying for any class of warehouse license must first comply with stringent legislative requirements. All applications must be forwarded to the IRC who will verify the information in the application before the granting of a licence. Warehousing of Petroleum Products All petroleum installations in the country used for the storage of bulk under-bond fuel are subject to Customs control until payment of the relevant duty or exported. Petroleum proprietors are issued with a class two-warehouse license enabling them to import bulk fuel without paying import duty through storage in bulk. Removal for home consumption is through payment of import duty. An administrative arrangement set by Customs provides the company to pay Excise duty to Customs on a weekly basis. Petroleum companies are subject to similar requirements as warehouse proprietors are subject to. A substantial amount of money is lodged as security whilst the companies are required to annually pay a license fees of K2000.00. View and Print Warehousing Goods (Warehouse.PDF 7KB)

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