Customs (Amendment) Act, 1991

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.... principal Act),- (i) in sub-section (1), for the word "duty", wherever it occurs, the words "duty and interest, if any, paid on such duty" shall be substituted; (ii) in sub-section (2), except in clauses (d) and (e) of the first proviso, for the word "duty", wherever it occurs, the words "duty and interest, if any, paid on such duty" shall be substituted. 3. Amendment of section 47. Section 47 of the principal Act shall be re-numbered as sub-section (1) of that section and after sub-section (1) as so re-numbered, the following sub-section shall be inserted, namely :- "(2) Where the importer fails to pay the import duty under sub-section (1) within seven days from the date on which the bill of entry is retur....

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....ods - (a) to observe all the provisions of this Act and the rules and regulations in respect of such goods; (b) to pay on or before a date specified in a notice of demand,- (i) all duties, and interest, if any, payable under sub-section (2) of section 61; (ii) rent and charges claimable on account of such goods under this Act, together with interest on the same from the date so specified at the rate of six per cent. per annum or such other rate as is for the time being fixed by the Board; and (c) to discharge all penalties incurred for violation of the provisions of this Act and the rules and regulations in respect of such goods.". 7. Insertion of new section 59A. After section 59 of the pr....

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....all continue in force notwithstanding the transfer of the goods to any other person or the removal of goods to another warehouse: Provided that where the whole of the goods or any part thereof are transferred to another person, the proper officer may accept a fresh bond from the transferee in a sum equal to twice the amount of duty and interest, if any, payable on the goods transferred and there- upon the bond executed by the transferor shall be enforced for a sum mentioned therein, less the amount for which a fresh bond is accepted from the transferee.". 8. Amendment of section 61. In section 61 of the principal Act,- (i) in sub-section (1),- (a) in clause (b), for the words "three months", the words "thirt....