https://www.taxtmi.com/acts?id=21759 Amendments restructure warehousing governance by introducing a new class of warehouses requiring physical departmental control, inserting licensing and cancellation provisions (new sections 58A, 58B), redefining bond, removal and warehousing period rules, and shifting licensing authority to Principal Commissioner/Commissioner. They increase limitation periods in non fraud cases, provide for deferred payment of customs duties for certain importers/exporters, empower regulations for transit without duty, omit obsolete fee and rent provisions, and implement widespread tariff and duty rate adjustments alongside targeted exemptions and a retrospective technical correction to exemption notifications. en-us Wed, 06 Jul 2016 11:20:17 +0530 Wed, 06 Jul 2016 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21759 Amendments restructure warehousing governance by introducing a new class of warehouses requiring physical departmental control, inserting licensing and cancellation provisions (new sections 58A, 58B), redefining bond, removal and warehousing period rules, and shifting licensing authority to Principal Commissioner/Commissioner. They increase limitation periods in non fraud cases, provide for deferred payment of customs duties for certain importers/exporters, empower regulations for transit without duty, omit obsolete fee and rent provisions, and implement widespread tariff and duty rate adjustments alongside targeted exemptions and a retrospective technical correction to exemption notifications. Act-Rules Bills Wed, 06 Jul 2016 11:20:17 +0530 https://www.taxtmi.com/acts?id=21759