Explain briefly how the terms 'warehouse', 'warehoused goods' and 'warehousing station' are defined in the Customs Act, 1962.

CS Professional · Advanced Tax Laws and Practice · PYQS · December 2016
Explain briefly how the terms 'warehouse', 'warehoused goods' and 'warehousing station' are defined in the Customs Act, 1962.

Answer & Explanation:

As per section 2(43) of the Customs Act, 1962 'warehoused' means a public warehouse licensed under Section 57 or a private warehouse licensed under Section 58 or a special warehouse licensed under section 58A . Section 2(44) of the Customs Act, 1962 defines "warehoused goods" to means goods deposited in a warehouse. As per section 2(45) of the Customs Act, 1962 "warehousing station" means a place declared as a warehousing station under Section 9 of the Act.

Topics: Indirect Tax

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