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of <h1>Special Warehouse Licensing Regulations 2016: Eligibility Criteria and Grounds for Denial Explained</h1> The Special Warehouse Licensing Regulations, 2016, outline the criteria for licensing a special warehouse by the Principal Commissioner or Commissioner of Customs. Applicants must be Indian citizens or registered entities, provide a solvency certificate unless a government entity, propose to store Board-notified goods, comply with specified terms, and pay for customs supervision. Licenses are denied if the applicant is insolvent, convicted, penalized under relevant laws, declared of unsound mind, or if the proposed warehouse site is unsuitable. Additionally, pending bankruptcy or criminal proceedings can disqualify an applicant if deemed unfit for a license.
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