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Substitution of new section for section 59.

Section 126 - INDIRECT TAXES Customs - Finance Act - Section 126 - 126. In the Customs Act, for section 59, the following section shall be substituted, namely:- Warehousing bond. 59. (1) The importer of any goods in respect of which a bill of entry for warehousing has been presented under section 46 and assessed to duty under section 17 or section 18 shall execute a bond in a sum equal to thrice the amount of the duty assessed on such goods, binding himself- (a) to comply with all the provisions .....

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