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Section102
The Finance Act, 2017

Substitution of new section for section 49

In force As on 07 Oct 2026

Ministry Finance Enacted 17 Apr 2017

Section 102 of the Finance Act, 2017 deals with substitution of new section for section 49. Substitution of new section for section 49 102. The Act was enacted on 17 Apr 2017.

Substitution of new section for section 49

102. In the Customs Act, for section 49, the following section shall be substituted, namely:—

"49. Storage of imported goods in warehouse pending clearance or removal — Where,—

(a)in the case of any imported goods, whether dutiable or not, entered for home consumption, the Assistant Commissioner of Customs or Deputy Commissioner of Customs is satisfied on the application of the importer that the goods cannot be cleared within a reasonable time;
(b)in the case of any imported dutiable goods, entered for warehousing, the Assistant Commissioner of Customs or Deputy Commissioner of Customs is satisfied on the application of the importer that the goods cannot be removed for deposit in a warehouse within a reasonable time,

the goods may pending clearance or removal, as the case may be, be permitted to be stored in a public warehouse for a period not exceeding thirty days:

Provided that the provisions of Chapter IX shall not apply to goods permitted to be stored in a public warehouse under this section:

Provided further that the Principal Commissioner of Customs or Commissioner of Customs may extend the period of storage for a further period not exceeding thirty days at a time.".

Section 102, The Finance Act, 2017.

Cross-references

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

This section refers to

  1. s. 49 Amendment of section 119

Questions about Section 102

What does Section 102 of the Finance Act deal with?

Section 102 of the Finance Act is headed "Substitution of new section for section 49". Substitution of new section for section 49 102.

How do I find court cases under Section 102 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 2017 102, section 102 Finance Act 2017, section 102 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 102 of the Finance Act, and has it changed?

Its own text turns on section 49 (Amendment of section 119), so none of them can safely be read on its own.

When was Section 102 of the Finance Act enacted?

Section 102 of the Finance Act, cited as Finance Act 2017 102, was enacted on 17 Apr 2017. 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.