Explain the validity of the following statements with reference to Chapter IX of the Customs Act, 1962 containing the provisions relating to the warehousing : The Commissioner of Customs or Principal Commissioner of Cust
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2018
Explain the validity of the following statements with reference to Chapter IX of the Customs Act, 1962 containing the provisions relating to the warehousing : The Commissioner of Customs or Principal Commissioner of Customs is not required to give a notice to the licensee for cancellation of the license of a private warehouse if he has contravened any provision of the Customs Act, 1962.
Answer & Explanation:
The given statement is valid: The Commissioner of Customs or the Principal Commissioner of Customs is not required to give a notice to the licensee while cancelling the license of a private warehouse if he has contravened any provision of the said Act, as per section 58(2)(b) of Customs Act, 1962.
Topics: Customs Act, 1962
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