Insertion of new section 73A
Section 137 of the Finance Act, 2016 deals with insertion of new section 73A. Insertion of new section 73A 137. In the Customs Act, after section 73, the following section shall be inserted, namely:— "73A. The Act was enacted on 27 Jun 2016.
Insertion of new section 73A
137. In the Customs Act, after section 73, the following section shall be inserted, namely:—
"73A. Custody and removal of warehoused goods.—(1) All warehoused goods shall remain in the custody of the person who has been granted a licence under section 57 or section 58 or section 58A until they are cleared for home consumption or are transferred to another warehouse or are exported or removed as otherwise provided under this Act.
(2) The responsibilities of the person referred to in sub-section (1) who has custody of the warehoused goods shall be such as may be prescribed.
(3) Where any warehoused goods are removed in contravention of section 71, the licensee shall be liable to pay duty, interest, fine and penalties without prejudice to any other action that may be taken against him under this Act or any other law for the time being in force.".
Section 137, 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 137
What does Section 137 of the Finance Act deal with?
Section 137 of the Finance Act is headed "Insertion of new section 73A". Insertion of new section 73A 137. In the Customs Act, after section 73, the following section shall be inserted, namely:— "73A.
How do I find court cases under Section 137 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 137, section 137 Finance Act 2016, section 137 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 137 of the Finance Act, and has it changed?
Its own text turns on section 57 (Amendment of section 115-O), section 58 (Amendment of section 115QA), section 71 (Substitution of new section for section 153B), section 73 (Amendment of section 194BB), so none of them can safely be read on its own.
When was Section 137 of the Finance Act enacted?
Section 137 of the Finance Act, cited as Finance Act 2016 137, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.
Other sections of this Act
- Fourth Schedule. Fourth Schedule21791 words
- Eighth Schedule. Eighth Schedule19903 words
- First Schedule. First Schedule8145 words
- 2. Income-tax3742 words
- 222. Insertion of new Chapter III F2100 words
- 70. Substitution of new section for section 1531931 words
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