With reference to recent amendments made (Vide Finance Act, 2017) in the Customs Act, 1962, examine the validity of the following statements : Customs area does not include a warehouse.
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2018
With reference to recent amendments made (Vide Finance Act, 2017) in the Customs Act, 1962, examine the validity of the following statements : Customs area does not include a warehouse.
Answer & Explanation:
The statement is invalid: Section 2(11) of Customs Act, 1962 has been amended to include a warehouse within the customs area.
Topics: Customs Act, 1962
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