The circular clarifies that the exclusion of “hazardous chemicals” in Para 2.36(a) of Foreign Trade Policy (FTP) was intended only to restrict unregulated warehousing of hazardous waste and prohibited items. Accordingly, warehousing of industrial chemicals is permitted in public and private bonded warehouses, subject to compliance with domestic laws governing safe storage and handling, applicable import and export policy conditions, and the provisions of the Customs Act.