TMI BlogSpecial Warehouse Licensing Regulations, 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... ll come into force on the date of their publication in the Official Gazette. 2. Definitions. (1) In these regulations, unless the context otherwise requires - (a) Act means the Customs Act,1962 (52 of 1962) ; (b) applicant means a person who applies for a licence for a special warehouse under section 58A; (c) section means section of the Act; (d) special warehouse means a site or building that is licensed as such by the Principal Commissioner of Customs or Commissioner of Customs, as the case may be, under section 58A, wherein dutiable goods may be deposited. (2) The words and expressions used herein and not defined in these regulations but defined in the Act shall have the same meanings respectively as assign ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t, the Central Excise Act, 1944 (1 of 1944) or Chapter V of the Finance Act, 1994 (32 of 1994) ; (d) he is of unsound mind and stands so declared by a competent Court; or (e) the Principal Commissioner of Customs or the Commissioner of Customs, as the case may be, is satisfied that- (i) the site or building of the proposed special warehouse is not suitable for secured storage of dutiable goods; (ii) the site or building of the proposed special warehouse is not suitable for general supervision by officers of customs; (iii) bankruptcy proceedings are pending against the applicant; or (iv) criminal proceedings are pending against the applicant and the offences involved are of such nature that he is not a fit person for gra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... specified in regulation 3 and regulation 4, the Principal Commissioner of Customs or Commissioner of Customs, as the case may be, may grant a licence in respect of the special warehouse subject to such conditions as deemed necessary. 6. Validity of licence. Any licence granted under regulation 5 shall remain valid until and unless it is cancelled in terms of the provisions under section 58B or sub-regulation (2) of regulation 8. 7. Non transferability of licence. - A licence granted under regulation 5 shall not be transferable. 8. Surrender of licence. (1) A licensee may surrender the licence granted to him by making a request in writing to the Principal Commissioner of Customs or the Commissioner of Customs, as the case ..... X X X X Extracts X X X X X X X X Extracts X X X X
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