1. Warehousing Depots Part IVA of the Customs Act. Depots Part IVA of the Customs Act. Sec 77g Provides the ability for Customs to approve an application for a Depot Licence. Sec 77g Provides the ability for Customs to approve an application for a Depot Licence. Sec 77K Conditions required for a Depot Licence holder. Sec 77K Conditions required for a Depot Licence holder. Sec 77N General Conditions of a Depot Licence. Sec 77N General Conditions of a Depot Licence. Sec 77P Imported goods held in a 77G Depot must be removed from the depot by the end of the month after arrival in the Depot. Sec 77P Imported goods held in a 77G Depot must be removed from the depot by the end of the month after arrival in the Depot. Sec 77R Penalty for breach of conditions of Sec 77N, P or Q (50 Penalty points) Sec 77R Penalty for breach of conditions of Sec 77N, P or Q (50 Penalty points)

2. Depots All goods held in a Depot have not been entered in any way. All goods held in a Depot have not been entered in any way. Imported goods can be unpacked from the import container, or delivered from the Vessel or Aircraft, subject to Cargo Automation clearance or a special permission. Imported goods can be unpacked from the import container, or delivered from the Vessel or Aircraft, subject to Cargo Automation clearance or a special permission. Imported goods may be examined under Customs control. Imported goods may be examined under Customs control. Currently Sec 77G Depots are not required to also be Approved Quarantine Premises. This is being reviewed, however it will require a change to the Act Currently Sec 77G Depots are not required to also be Approved Quarantine Premises. This is being reviewed, however it will require a change to the Act Imported goods can not remain within the Depot indefinitely. Imported goods can not remain within the Depot indefinitely. Depot Licence holders must report cargo within the time frames required under TML. Depot Licence holders must report cargo within the time frames required under TML.

3. Licensed Warehouses Sec 78 Provides definitions. Sec 78 Provides definitions. Sec 79(1) Licence issued to warehouse goods long term. Sec 79(1) Licence issued to warehouse goods long term. Sec 79(2) Licence issued to warehouse goods generally, or of a specified class. Sec 79(2) Licence issued to warehouse goods generally, or of a specified class. Sec 79(3) Allows goods to be blended or mixed in warehouse. Sec 79(3) Allows goods to be blended or mixed in warehouse. Sec 80 Application for warehouse licence conditions. Sec 80 Application for warehouse licence conditions. Sec 81 Requirements for persons or companies who apply for a warehouse licence. Sec 81 Requirements for persons or companies who apply for a warehouse licence. Sec 92 Customs permit goods to be sorted bottled or repacked in warehouse. Sec 92 Customs permit goods to be sorted bottled or repacked in warehouse. Sec 94 Goods not worth the Duty may be destroyed with permission from Customs. Sec 94 Goods not worth the Duty may be destroyed with permission from Customs. Sec 95 Goods may be revalued if they have deteriorated or been damaged whilst in warehouse. Sec 95 Goods may be revalued if they have deteriorated or been damaged whilst in warehouse.

4. Warehouse Special Purposes Sec 97 Warehoused goods may be taken out of warehouse for exhibition, subject to suitable security being lodged. Sec 97 Warehoused goods may be taken out of warehouse for exhibition, subject to suitable security being lodged. Sec 98 Goods that are Manufactured in Warehouse may be delivered for Home Consumption provided Duty has been paid. Sec 98 Goods that are Manufactured in Warehouse may be delivered for Home Consumption provided Duty has been paid. Sec 99 Goods entered for warehouse may be entered for Home Consumption or Export. Sec 99 Goods entered for warehouse may be entered for Home Consumption or Export.

5. Depot Vs Warehouse Depot are only licenced for the short term holding of import and export goods, including the examination for Customs purposes. Depot are only licenced for the short term holding of import and export goods, including the examination for Customs purposes. Goods held beyond the permitted period are transferred to a Sec 79(1) Warehouse as nominated in the depot Licence. Goods held beyond the permitted period are transferred to a Sec 79(1) Warehouse as nominated in the depot Licence. Goods may remain in a warehouse indefinitely, provided they are accounted for, and the value of the goods does exceeds the Customs Duty payable. Goods may remain in a warehouse indefinitely, provided they are accounted for, and the value of the goods does exceeds the Customs Duty payable. Goods may be blended, re bottled or manufactured in a licenced warehouse. Goods may be blended, re bottled or manufactured in a licenced warehouse. There are several classes of warehouse licence, whereas only one class of Depot licence. There are several classes of warehouse licence, whereas only one class of Depot licence.

6. Warehouse Entry Terms WRN= Warehouse Reference Number, or the Nature 20 Entry Number. WRN= Warehouse Reference Number, or the Nature 20 Entry Number. WUV= Warehouse Unit of Value, which Compile calculates from the Customs Value and total quantity entered. WUV= Warehouse Unit of Value, which Compile calculates from the Customs Value and total quantity entered. Customs Rates of Duty is not assessed until the goods are entered for home consumption (Nature 30), therefore the Rate of Customs Duty is set by the date of Entry for Home Consumption Ex Warehouse. Customs Rates of Duty is not assessed until the goods are entered for home consumption (Nature 30), therefore the Rate of Customs Duty is set by the date of Entry for Home Consumption Ex Warehouse.