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of <h1>Customs Act Section 58: Principal Commissioner Now Licenses Private Warehouses for Dutiable Goods, Updated by Finance Act 2016.</h1> The Customs Act, 1962, Section 58, authorizes the Principal Commissioner or Commissioner of Customs to license private warehouses for storing dutiable goods imported by or for the licensee, under prescribed conditions. This provision was updated by the Finance Act, 2016, replacing the previous authority of the Assistant or Deputy Commissioner of Customs. The earlier version allowed these officials to license private warehouses and cancel or suspend licenses if conditions were breached, with provisions for notice and a hearing before cancellation.
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