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Substitution of new section for section 59- Warehousing bond

Clause 123 - Bills - INDIRECT TAXES Customs - FINANCE BILL, 2016 - 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 impo .....

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binding himself- (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- .....

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of Customs or 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 .....

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