Source: TaxScan
The Central Board of Indirect Taxes and Customs (CBIC) notified that the license under Customs House Agents Licensing Regulations to be invalid, if the licensee is inactive for 1 year. The Board has notified the Customs Brokers Licensing (Amendment) Regulations, 2021 which seeks to amend Customs Brokers Licensing Regulations, 2018.
The notification has inserted Regulation 8A in respect of Surrender of License which says that a licensee may surrender the license granted under Customs House Agents Licensing Regulations, 1984, the Customs House Agents Licensing Regulations, 2004, the Customs Brokers Licensing Regulations, 2013 or the Customs Brokers Licensing Regulations, 2018 through a written request to the Principal Commissioner of Customs or Commissioner of Customs who has issued the license, as the case may be. On receipt of the request the Principal Commissioner of Customs or Commissioner of Customs may revoke the license if, the licensee has paid all dues payable to the Central Government under the provisions of the Act, rules or regulations made thereunder; and no proceedings are pending against the licensee under the Act or the rules or regulations made thereunder.
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