Amendment of section 69
130. In the Customs Act, in section 69,––
(i) in the marginal heading, for the word “exportation”, the word “export” shall be substituted;
(ii) in sub-section (1),––
(A) for clause (b), the following clause shall be substituted, namely:––
“(b) the export duty, fine and penalties payable in respect of such goods have been paid; and”;
(B) in clause (c), for the word “exportation”, the word “export” shall be substituted.
Notes on Clauses:
Clause 130 of the Bill seeks to amend section 69 of the Customs Act so as to,––
(i) substitute the word “exportation” with the word “export”;
(ii) substitute a new clause for clause (b) of sub-section (1) to provide that warehoused goods may be exported to a place outside India without payment of import duty if the export duty, fine and penalties payable in respect of such goods have been paid.
