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Substitution of new section for section 59- Warehousing bond

Clause 123 - Bills - INDIRECT TAXES Customs - Bill - Clause 123 - Substitution of new section for section 59 123. In the Customs Act, for section 59, the following section shall be substituted, namely:- Warehousing bond 59. (1) The importer of any go .....

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lf- (a) to comply with all the provisions of the Act and the rules and regulations made thereunder in respect of such goods; (b) to pay, on or before the date specified in the notice of demand, all duties and interest payable under sub-section (2) of .....

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Deputy Commissioner of Customs may permit an importer to execute a general bond in such amount as the Assistant Commissioner of Customs or Deputy Commissioner of Customs may approve in respect of the warehousing of goods to be imported by him within .....

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