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(a) The Board is authorized to establish or designate and license bonded warehouses for the storage and aging of fermented liquors and/or distilled spirits.
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(b) The Board is authorized to adopt, subject to the approval of the Governor, regulations not inconsistent with applicable laws for the operation of such bonded warehouses with respect to—
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(1) storage, security, gauging and regauging, entry and removal of fermented liquors and/or distilled spirits;
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(2) warehouse receipts;
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(3) blending in bond;
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(4) bottling in bond;
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(5) identification and labeling of all goods in bond or sold as bonded goods;
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(6) payment of warehouse charges; and
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(7) issuance of age certificates.
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