INDIRECT TAXES

Customs - FINANCE BILL, 2016

Chapter: IV
INDIRECT TAXES Customs
Clause 113	:	Amendment of section 2 Clause 113 of the Bill seeks to amend section 2 of the Customs Act so as to (i) substitute clause (43) thereof to redefine t....
Clause 114	:	Amendment of chapter heading of Chapter III Clause 114 of the Bill seeks to amend the Chapter heading of Chapter-III of the Customs Act. ....
Clause 115	:	Omission of section 9 Clause 115 of the Bill seeks to omit section 9 of the Customs Act. ....
Clause 116	:	Amendment of section 25 Clause 116 of the Bill seeks to amend section 25 of the Customs Act, so as to substitute sub-section (4) thereof to provide ....
Clause 117	:	Amendment of section 28 Clause 117 of the Bill seeks to amend section 28 of the Customs Act so as to provide for recovery of duty in situations wher....
Clause 118	:	Amendment of section 47 Clause 118 of the Bill seeks to insert a proviso in sub-section (1) of section 47 of the Customs Act so as to empower the Ce....
Clause 119	:	Amendment of section 51 Clause 119 of the Bill seeks to renumber section 51 of the Customs Act as sub-section (1) thereof and to insert a proviso in....
Clause 120	:	Substitution of new section for section 53- Transit of certain goods without payment of duty Clause 120 of the Bill seeks to substitute section 53 of the Customs Act so as to enable the proper officer to allow transit....
Clause 121	:	Substitution of new section for section 57- Licensing of public warehouses Clause 121 of the Bill seeks to substitute a new section for section 57 of the Customs Act so as to vest with the Principal ....
Clause 122	:	Substitution of new sections 58, 58A and 58B for section 58- Licensing of private warehouses- Licensing of special warehouses- Cancellation of Licence Clause 122 of the Bill seeks to substitute new sections 58, 58A and 58B for section 58 of the Customs Act. The proposed sect....
Clause 123	:	Substitution of new section for section 59- Warehousing bond Clause 123 of the Bill seeks to substitute a new section for section 59 of the Customs Act, so as to provide that the import....
Clause 124	:	Substitution of new section for section 60- Permission for removal of goods for deposit in warehouse Clause 124 of the Bill seeks to substitute new section for section 60 of the Customs Act. The proposed sub-section (1) of se....
Clause 125	:	Substitution of new section for section 61- Period for which goods may remain warehoused Clause 125 of the Bill seeks to substitute a new section for section 61 of the Customs Act so as to specify the period for w....
Clause 126	:	Omission of sections 62 and 63 Clause 126 of the Bill seeks to omit sections 62 and 63 of the Customs Act. ....
Clause 127	:	Substitution of new section for section 64- Owner’s right to deal with warehoused goods Clause 127 of the Bill seeks to substitute a new section for section 64 of the Customs Act so as to make provisions for owne....
Clause 128	:	Amendment of section 65 Clause 128 of the Bill seeks to amend section 65 of the Customs Act so as to substitute certain words therein. ....
Clause 129	:	Amendment of section 68 Clause 129 of the Bill seeks to amend section 68 of the Customs Act so as to (i) substitute certain words therein; (ii) subs....
Clause 130	:	Amendment of section 69 Clause 130 of the Bill seeks to amend section 69 of the Customs Act so as to, (i) substitute the word exportation with the w....
Clause 131	:	Amendment of section 71 Clause 131 of the Bill seeks to amend section 71 of the Customs Act so as to substitute the word re-exportation with the wor....
Clause 132	:	Amendment of section 72 Clause 132 of the Bill seeks to amend sub-section (1) of section 72 of the Customs Act so as to (i) omit clause (c); (ii) su....
Clause 133	:	Amendment of section 73 Clause 133 of the Bill seeks to amend section 73 of the Customs Act so as to insert the word transferred or after the words ....
Clause 134	:	Insertion of new section 73A- Custody and removal of warehoused goods Clause 134 of the Bill seeks to insert a new section 73A of the Customs Act so as to provide for the custody and removal of ....
Clause 135	:	Amendment of section 156 Clause 135 of the Bill seeks to insert sub-clause (c) in subsection (2) of section 156 of the Customs Act so as to empower t....
Clause 136	:	Amendment of notifications issued under section 25 of Act 52 of 1962 Clause 136 of the Bill seeks to amend the notifications issued under sub-section (1) of section 25 of the Customs Act vide n....