TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Customs Act Section 58B: Warehousing License Cancellation for Violations; Suspension Possible During Inquiry; Strict Goods Movement Rules.</h1> Section 58B of the Customs Act, 1962, addresses the cancellation of warehousing licenses. If a licensee violates the Act, its rules, or license conditions, the Principal Commissioner or Commissioner of Customs may cancel the license after giving the licensee a chance to be heard. During an inquiry, warehouse operations may be suspended, prohibiting new deposits but allowing existing goods to remain subject to the Act. If a license is canceled, goods must be moved to another warehouse, cleared for home consumption, or exported within seven days or an extended period as permitted.
TaxTMI 
TaxTMI 
