Tax Management India. Com TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

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

Clause 122 - Bills - INDIRECT TAXES Customs - FINANCE BILL, 2016 - 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 pr .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Licensing of special warehouses 58A. (1) The Principal Commissioner of Customs or Commissioner of Customs may, subject to such conditions as may be prescribed, license a special warehouse wherein dutiable goods may be deposited and such warehouse sha .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

which shall be deposited 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 cond .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ble opportunity of being heard. (2) The Principal Commissioner of Customs or Commissioner of Customs may, without prejudice to any other action that may be taken against the licensee and the goods under this Act or any other law for the time being in .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

on: Provided that the provisions of this Chapter shall continue to apply to the goods already deposited in the warehouse. (4) Where the licence issued under section 57 or section 58 or section 58A is cancelled, the goods warehoused shall, within seve .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ded that the provisions of this Chapter shall continue to apply to the goods already deposited in the warehouse till they are removed to another warehouse or cleared for home consumption or for export, during such period. . Clause 122 of the Bill see .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version