“Only persons who can demonstrate that they are fit and proper to carry out an excise business will be authorised or registered.” 194. Section 5 dealt with registration as an owner of excise goods in an excise warehouse. It stated that the guidance at 3.2 for warehousekeepers would be applied to applicants to be a registered owner as well. That guidance was: “Reasons for refusing an application my include circumstances where: · The legal entity (this includes the directors or any of its key employees) has been involved in revenue non-compliance or fraud; · The application is incomplete or inaccurate; · You (the directors in the case of a limited company) have unspent convictions; · There are proven links between the legal entity or key employees with other known non-compliant or fraudulent businesses; · The business is not commercially viable; · You have not been able to demonstrate the business is genuine; · The legal entity applying for authorisation has been involved in significant revenue non-compliance; · You are unable to provide adequate financial security as required; · You do not have an accounting system that satisfies us; · [irrelevant] The above list is not exhaustive….We will notify you of the reason or reasons for the refusal.”