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WAREHOUSED GOODS (REMOVAL) REGULATIONS, 1963
Notification No. 59
dated 1st February 1963 (NT)
In exercise of the powers conferred by section 157
of the Customs Act, 1962 (52 of 1962), the Central Board of Revenue hereby makes
me following regulations, namely:
These regulations may be called the Warehoused Goods
(Removal) Regulations, 1963.
Where the goods are to be removed from one warehouse
to another in the same town, the proper officer may require that the transport
of the goods between the two warehouses be under the supervision of an officer
of Customs, the owner meeting the cost of such supervision.
Where the goods are to be removed from one warehouse
to another in a different town the proper officer may require the person
requesting removal to execute a bond in a sum equal to the amount of import duty
leviable on such goods and in such form and manner as the proper officer deems
fit.
The terms of the bond shall be that if the person
executing the bond produces to the proper officer, within three months or within
such extended period as such officer may allow, a certificate issued by the
proper officer at the place of destination that the goods have arrived at that
place, the bond shall stand discharged, but otherwise an amount equal to the
import duty leviable on the goods in respect of which the said certificate is
not produced shall stand forfeited.
The proper officer may require that the bond shall
be with such surety or security or both as is acceptable to him.
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