Special warehouse licensing requires financial capacity, suitable secure premises, compliance undertakings, and excludes insolvent or unsuitable applicants. Special warehouse licensing requires an eligible Indian citizen or legally incorporated or registered entity to furnish a required solvency certificate, ... Summary
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Special warehouse licensing requires financial capacity, suitable secure premises, compliance undertakings, and excludes insolvent or unsuitable applicants.
Special warehouse licensing requires an eligible Indian citizen or legally incorporated or registered entity to furnish a required solvency certificate, subject to the Government undertaking exemption, propose storage of notified goods, comply with licensing conditions, and bear recoverable customs supervision costs. A licence cannot be issued to insolvent, convicted, penalised, or legally declared unsound applicants, or where the premises are unsuitable for secure storage or customs supervision. Pending bankruptcy or disqualifying criminal proceedings may also prevent licensing.
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