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Substitution of new section for section 59.

Section 126 - Act - 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 e .....

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isions 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 section 61; and (c) to pay all pen .....

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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 a specified period. (3) The importe .....

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