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Licensing of special warehouse.

Regulation 3 - Regulation - Special Warehouse Licensing Regulations, 2016 - Customs - Regulation 3 - 3. - (1) Upon an application being made to license a special warehouse, the Principal Commissioner of Customs or Commissioner of Customs, as the case may be, may issue a licence to an applicant who,- (a) is a citizen of India or is an entity incorporated or registered under any law for the time being in force; (b) furnishes a solvency certificate from a scheduled bank for an amount as may be spec .....

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of Customs, as the case may be; and (e) undertakes to pay for the services of supervision of the warehouse by officers of customs on recovery of costs. (2) The Principal Commissioner of Customs or the Commissioner of Customs, as the case may be, shall not issue a licence to an applicant if, - (a) he has been declared an insolvent or bankrupt by a Court or Tribunal; (b) he has been convicted for an offence under any law for the time being in force; (c) he has been penalised for an offence under .....

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