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of <h1>Finance Bill 2016 proposes changes to Customs Act Section 68, altering clearance terms for warehoused goods.</h1> Clause 129 of the Finance Bill, 2016, proposes amendments to section 68 of the Customs Act. It suggests replacing the phrase 'The importer of any warehoused goods may clear them' with 'Any warehoused goods may be cleared from the warehouse.' It introduces a new clause (b), stipulating that warehoused goods can be cleared for home consumption once import duty, interest, fines, and penalties have been paid. Additionally, it removes the words 'rent, interest, other charges and' from the first proviso of the section.
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