Section 77B
Licensing of petroleum supply base
ActIn forceProvision 118 of 295
Section 77B
(2)
The licence issued under subsection (1)—
(a)
shall be for such period and subject to such conditions as the Director General may specify in the licence; and
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(b)
may be withdrawn, suspended or cancelled by the Director
General.
(3)
The licensee shall, for the proper conduct of his business, furnish such security as may be required by the Director General.
(4)
The licensee shall provide appropriate customs office and facilities within or at the perimeter of the petroleum supply base at the expense of the licensee.