Chapter-2

Chapter-2 Provisions Relating to License

3. Application to be made for license: Any person, firm, company or organization who desires to manufacture, import, sell or store a product subject to excise duty or deliver the service subject to excise duty has to make an application, accompanied by the license fee referred to in Schedule-2, to the Excise Duty Officer specified by the Department, in the format referred to in Schedule-1.

4. License to be issued: In cases where any person, firm, company or organization makes an application pursuant to Rule 3, the Excise Duty  Officer specified by the Department may, upon examining the matters mentioned in the application, issue the license containing the terms and conditions, as well, in the format referred to in Schedule-3 to such a person, firm, company or organization to manufacture, import, sell or store a product subject to excise duty or deliver service subject to excise duty.

5. Term and validity of license:

(1) The term of the license issued pursuant to Rule 4 shall remain valid only for one fiscal year.
(2) The licensee shall, within One month of expiration of the term of license referred to in Sub-rule (1), get the license renewed for one fiscal year, by paying the license fee as specified in Schedule-2 to  the Excise Duty Officer specified by the Department.
(3) The licensee who does not get the license renewed within the term referred to in Sub-rule (1) may, within One month of expiration of the term, get the license renewed for one fiscal year, by paying an additional fee to be set by ten percent of the license fee as specified in Schedule-2 and the due and payable excise duty.

(4) The license of a licensee who does not get it renewed even within the period referred to in Sub-rule (3) shall ipso facto be canceled.