Recent Developments ON Warehouse Receipt System in India: Member AFMA
Recent Developments ON Warehouse Receipt System in India: Member AFMA
RECENT DEVELOPMENTS
ON
WAREHOUSE RECEIPT SYSTEM IN INDIA
B.B.PATTANAIK
MANAGING DIRECTOR
CENTRAL WAREHOUSING CORPORATION
NEW DELHI
PRESENTATION STRUCTURE
HISTORICAL BACKGROUND.
BENEFITS TO FARMERS
WAREHOUSE RECIEPT
• MAY BE EITHER IN WRITING OR IN ELETRONIC FORM
• DATE OF ISSUE OF WR
• STATEMENT THAT THE GOOD RECEIVED SHALL BE DELIVERED TO THE HOLDER OR TO THE
ORDER OF A NAMED PERSON
WAREHOUSE RECIEPT
• PRIVATE MARKS OF DEPOSITOR ON THE GOODS OR PACKAGES, IF ANY, EXCEPT IN
CASE OF FUNGIBLE GOODS
• THE FACT THAT THE WAREHOUSE MAN HOLDS THE LEAN ON THE GOODS FOR HIS
STORAGE AND HANDLING CHARGES
• THAT THE RECIEPT WOULD BE VALID TILL THE EXPIRY OF DECLARED SHELF LIFE
WAREHOUSE
INSPECTION
RECEIPT
GRADING
INSURANCE
PLEDGING
WAREHOUSE
BANKING/FINANCIAL
INSTITUTION
FARMER
EXPORTER
PROCESSOR
WAREHOUSE MAN
• To benchmark their infrastructure & quality of services
against the best in the world
• increased business opportunities from stake holders
• Regulatory defined rights , roles & responsibilities