https://www.taxtmi.com/acts?id=21476 Private warehouse licensing requires an eligible Indian citizen or legally incorporated or registered entity to give a compliance undertaking and, ordinarily, furnish a scheduled-bank solvency certificate. Government undertakings are exempt from the solvency-certificate requirement. A licence cannot be issued to applicants who are insolvent, bankrupt, convicted, penalised under specified indirect-tax laws, or declared of unsound mind. Refusal may also follow where premises are unsuitable for secure storage or customs supervision, or where pending bankruptcy or relevant criminal proceedings demonstrate unfitness for licensing. en-us Wed, 18 May 2016 13:09:27 +0530 Tue, 04 Aug 2026 14:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21476 Private warehouse licensing requires an eligible Indian citizen or legally incorporated or registered entity to give a compliance undertaking and, ordinarily, furnish a scheduled-bank solvency certificate. Government undertakings are exempt from the solvency-certificate requirement. A licence cannot be issued to applicants who are insolvent, bankrupt, convicted, penalised under specified indirect-tax laws, or declared of unsound mind. Refusal may also follow where premises are unsuitable for secure storage or customs supervision, or where pending bankruptcy or relevant criminal proceedings demonstrate unfitness for licensing. Act-Rules Customs Wed, 18 May 2016 13:09:27 +0530 https://www.taxtmi.com/acts?id=21476