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TMI BlogPublic Warehouse Licensing Regulations, 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 public warehouse under section 57; (c) "public 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 57, wherein dutiable goods may be deposited; (d) "section" means section of the Act. (2) The words and expressions used herein and not defined in these regulations shall have the same meanings respectively as assigned to them in the said Act. 3. Licensing of public warehouse.- (1) Upon an application being m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not suitable for secure storage of dutiable goods; (ii) the site or building of the proposed public 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 grant of licence. 4. Conditions to be fulfilled by applicant. - Where, after inspection of the premises, evaluation of compliance to the conditions under regulation 3 and conducting such enquiries as may be necessary, the Principal Commissioner of Customs or Commissioner of Customs, as the case may be, is satisfied that licence may be granted, he shall require ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s 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 Commissioner of Customs, as the case may be. (2) On receipt of the request under sub-regulation (1), the Principal Commissioner of Customs or Commissioner of Customs, as the case may be, may cancel the licence if, - (a) the licensee has paid all monies due to the Central Government under the provisions of the Act, rules or regulations made thereunder; (b) no warehoused goods remain deposited in the public warehouse or are ..... X X X X Extracts X X X X X X X X Extracts X X X X
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