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Substitution of new sections 58 58A and 58B for section 58- Licensing of private warehouses- Licensing of special warehouses- Cancellation of Licence

Clause 122 - INDIRECT TAXES Customs - Bill - Clause 122 - Substitution of new sections 58, 58A and 58B for section 58 122. In the Customs Act, for section 58, the following sections shall be substituted, namely:- Licensing of private warehouses 58. The Principal Commissioner of Customs or Commissioner of Customs may, subject to such conditions as may be prescribed, license a private warehouse wherein dutiable goods imported by or on behalf of the licensee may be deposited. Licensing of special w .....

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ted in the special warehouse licensed under sub-section (1). Cancellation of Licence 58B. (1) Where a licensee contravenes any of the provisions of this Act or the rules or regulations made thereunder or breaches any of the conditions of the licence, the Principal Commissioner of Customs or Commissioner of Customs may cancel the licence granted under section 57 or section 58 or section 58A: Provided that before any licence is cancelled, the licensee shall be given a reasonable opportunity of bei .....

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