TaxTMI 
TaxTMI 
Substitution of new sections 58, 58A and 58B for section 58- Licensing of private warehouses- Licensing of special warehouses- Cancellation of Licence
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....ng of private warehouses "58. The Principal Commissioner of Customs or Commissioner of Customs may, subject to such conditions as may be prescribed, license a private warehouse wherein dutiable goods imported by or on behalf of the licensee may be deposited. Licensing of special warehouses 58A. (1) The Principal Commissioner of Customs or Commissioner of Customs may, subject to such conditio....
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....at before any licence is cancelled, the licensee shall be given a reasonable opportunity of being heard. (2) The Principal Commissioner of Customs or Commissioner of Customs may, without prejudice to any other action that may be taken against the licensee and the goods under this Act or any other law for the time being in force, suspend operation of the warehouse during the pendency of an enquir....
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....they are removed to another warehouse or cleared for home consumption or for export, during such period.". - Clause 122 of the Bill seeks to substitute new sections 58, 58A and 58B for section 58 of the Customs Act. The proposed section 58 seeks to vest with the Principal Commissioner of Customs or Commissioner of Customs, the power to license a private warehouse. The proposed section 58A see....