Section124
The Finance Act, 2016

Substitution of new section for section 57

In force As on 07 Oct 2026

Ministry Finance Enacted 27 Jun 2016 Cited by 2 provisions

Section 124 of the Finance Act, 2016 deals with substitution of new section for section 57. Substitution of new section for section 57 124 . The Act was enacted on 27 Jun 2016.

Substitution of new section for section 57

124 . In the Customs Act, for section 57, the following section shall be substituted, namely:—

"57. Licensing of public warehouses.—The Principal Commissioner of Customs or Commissioner of Customs may, subject to such conditions as may be prescribed, license a public warehouse wherein dutiable goods may be deposited.".

Section 124, The Finance Act, 2016.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Questions about Section 124

What does Section 124 of the Finance Act deal with?

Section 124 of the Finance Act is headed "Substitution of new section for section 57". Substitution of new section for section 57 124 .

How do I find court cases under Section 124 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2016 124, section 124 Finance Act 2016, section 124 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 124 of the Finance Act, and has it changed?

Its own text turns on section 57 (Amendment of section 115-O), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.

When was Section 124 of the Finance Act enacted?

Section 124 of the Finance Act, cited as Finance Act 2016 124, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.