Surrender of licence permits cancellation upon payment of dues, absence of warehoused goods and no pending proceedings. Surrender of licence allows a licensee to request licence relinquishment in writing to the Principal Commissioner or Commissioner of Customs; the authority may cancel the licence only if the licensee has paid all monies due to the Central Government, no warehoused goods remain or are deposited in the special warehouse from the request date, and no proceedings under the Act or rules are pending against the licensee.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Surrender of licence permits cancellation upon payment of dues, absence of warehoused goods and no pending proceedings.
Surrender of licence allows a licensee to request licence relinquishment in writing to the Principal Commissioner or Commissioner of Customs; the authority may cancel the licence only if the licensee has paid all monies due to the Central Government, no warehoused goods remain or are deposited in the special warehouse from the request date, and no proceedings under the Act or rules are pending against the licensee.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
