Section 43: Offences and penalties.

Q: What does Section 43 of The Warehousing (Development and Regulation) Act, 2007 (TWDRA) deal with?

Section 43 TWDRA pertains to "Offences and penalties.". It is part of the The Warehousing (Development and Regulation) Act, 2007, a legislation enacted by the Parliament of India. Section 43 of The Warehousing (Development and Regulation) Act, 2007 (TWDRA) governs offences and penalties. As verified on 19 May 2026.

Q: Is Section 43 TWDRA still in force?

Yes, Section 43 of the The Warehousing (Development and Regulation) Act, 2007 is currently in force across the Republic of India.

Q: What is धारा 43 TWDRA?

धारा 43 TWDRA is the Devanagari Hindi reference for Section 43 of the The Warehousing (Development and Regulation) Act, 2007. Section 43 of The Warehousing (Development and Regulation) Act, 2007 (TWDRA) governs offences and penalties. As verified on 19 May 2026.

Q: What is Dhara 43 TWDRA?

Dhara 43 TWDRA is the Roman Hindi reference for Section 43 of the The Warehousing (Development and Regulation) Act, 2007. "Dhara" means "Section" in Hindi. Section 43 of The Warehousing (Development and Regulation) Act, 2007 (TWDRA) governs offences and penalties. As verified on 19 May 2026.

Q: How to cite Section 43 of The Warehousing (Development and Regulation) Act, 2007?

Cite as: "Section 43, The Warehousing (Development and Regulation) Act, 2007 (TWDRA)" in legal briefs. For academic writing, use the BlueBook format: The Warehousing (Development and Regulation) Act, 2007, § 43 (India).

Law on Tips Editorial Board

(1) Any warehouseman knowingly issuing a negotiable warehouse receipt without taking the actual physical delivery of the goods in his warehouse or a warehouseman or an agent or servant of the warehouseman who issues a warehouse receipt without reasonably satisfying himself that the goods for which such warehouse receipt is issued have actually been received or the number, weight or grade of the goods corresponds to the number, weight or grade specified in the warehouse receipt or the goods are under his actual control at the time of issuing such warehouse receipt, commits an offence and shall be punishable with imprisonment for a term which may extend to three years or with fine which may extend to four times the value of the goods or with both.

(2) A warehouseman or an agent or servant of the warehouseman, who knowingly issues a duplicate negotiable warehouse receipt without substantially following the procedure for the issue of a duplicate warehouse receipt, commits an offence and shall be punishable for such offence with imprisonment for a term which may extend to three years, or with fine which may extend to one lakh rupees, or with both.

(3) A warehouseman or an agent or servant of the warehouseman, who, knowingly that the negotiable warehouse receipt in respect of such goods is outstanding and is uncancelled, delivers the goods without obtaining possession of such negotiable warehouse receipt at or before the time of such delivery and thereby causes unlawful loss or gain to any person, commits an offence and shall be punishable for such an offence by imprisonment for a term which may extend to three years or with fine which may extend to one lakh rupees, or with both.

(4) A warehouseman who fails, on surrender of a negotiable warehouse receipt by the depositor or endorsee and payment of all his lawful charges and cancellation of encumbrances endorsed on the receipt, within the declared shelf-life of the goods, as mentioned therein to deliver the goods represented by the receipt commits an offence and shall be punishable for such offence with imprisonment for a term which may extend to three years or with fine which may extend to three times the value of the goods or with both.

(5) Any depositor, who declared as the value of the goods delivered by him for storage with a warehouseman an amount which he does not believe to be the proper value, commits an offence and shall be punishable for such an offence with fine which may extend to one lakh rupees.