Notes on clauses-Customs

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..... l Government for publication in the Official Gazette. It is further proposed to omit sub-section (5) thereof. Clause 117 of the Bill seeks to amend section 28 of the Customs Act so as to provide for recovery of duty in situations where the duty has been levied but not paid or has been short-paid also. This clause further seeks to extend the limitation period for investigation of cases not involving any collusion, wilful misstatement or suppression of facts from one year to two years. Clause 118 of the Bill seeks to insert a proviso in sub-section (1) of section 47 of the Customs Act so as to empower the Central Government to permit certain class of importers specified by notification to make deferred payment of duty or other cha .....

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..... d 58B for section 58 of the Customs Act. The proposed section 58 seeks to vest with the Principal Commissioner of Customs or Commissioner of Customs, the power to license a private warehouse. The proposed section 58A seeks to vest with the Principal Commissioner of Customs or Commissioner of Customs the power to license a special warehouse wherein dutiable goods may be deposited and such warehouse shall be caused to be locked by the proper officer and no person shall enter the warehouse or remove any goods therefrom without the permission of proper officer. The proposed section 58B seeks to vest with the Principal Commissioner of Customs or Commissioner of Customs the power to cancel a licence granted under section 57 or section 58 .....

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..... vide that any warehoused goods may be cleared from the warehouse for home consumption if the import duty, interest, fine and penalties payable in respect of such goods have been paid; (iii) omit the words rent, interest, other charges and occurring in the first proviso to that section. 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. Clause 131 of the Bill seeks to amend section 71 .....

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