Conditions for warehousing of certain goods (Omitted)

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....mitted vide Section 60 of the Finance Act, 1994 w.e.f. 13-05-1994 before it was read as,  "^1[59A. Conditions for warehousing of certain goods. (1) Notwithstanding anything contained in sub-section (2) of section 23 and in any other provisions of this Act, the importer of any dutiable goods (b) specified in clause of sub-section (1) of section 61, which have been e....

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.... 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. (2) The duty paid under sub-section (1) shall be adjusted towards the duty finally payable. (3) A bond executed under this section by an importer in respect of any goods shall continue in force notwithstanding the transfer of th....