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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2016 Chapters List Chapter IV INDIRECT TAXES Customs This

Clause 124 - Substitution of new section for section 60- Permission for removal of goods for deposit in warehouse - FINANCE BILL, 2016

FINANCE BILL, 2016
Chapter IV
INDIRECT TAXES

Customs
  • Contents

Substitution of new section for section 60

124. In the Customs Act, for section 60, the following section shall be substituted, namely:––

Permission for removal of goods for deposit in warehouse

“60. (1) When the provisions of section 59 have been complied with in respect of any goods, the proper officer may make an order permitting removal of the goods from a customs station for the purpose of deposit in a warehouse.

(2) Where an order is made under sub-section (1), the goods shall be deposited in a warehouse in such manner as may be prescribed.”.

 



 

Notes on Clauses:

Clause 124 of the Bill seeks to substitute new section for section 60 of the Customs Act.

The proposed sub-section (1) of section 60 seeks to provide for permission for removal of goods from a customs station for the purpose of deposit in a warehouse.

The proposed sub-section (2) of said section seeks to provide for the deposit of goods in a warehouse pursuant to an order made under sub-section (1).

 
 
 
 

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