Repeal of prior trade enactments preserves existing rights, liabilities and validates prior administrative actions under the new Act. The statute repeals prior foreign trade enactments while preserving legal continuity: rights, privileges, obligations and liabilities acquired under the repealed law remain enforceable; penalties, confiscations and punishments already incurred may be imposed; and any proceedings or remedies may be instituted, continued or enforced as if the earlier law remained in force. Actions taken under the repealed ordinance are deemed to have been taken under corresponding provisions of the new Act, validating prior administrative measures.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repeal of prior trade enactments preserves existing rights, liabilities and validates prior administrative actions under the new Act.
The statute repeals prior foreign trade enactments while preserving legal continuity: rights, privileges, obligations and liabilities acquired under the repealed law remain enforceable; penalties, confiscations and punishments already incurred may be imposed; and any proceedings or remedies may be instituted, continued or enforced as if the earlier law remained in force. Actions taken under the repealed ordinance are deemed to have been taken under corresponding provisions of the new Act, validating prior administrative measures.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
