Section 70
Allowance in case of volatile goods.
About this Act
An Act to consolidate and amend the law relating to Customs.
(1) When any warehoused goods to which this section
applies are at the time of delivery from a warehouse found to be deficient in quantity on account of
natural loss, the 1[Assistant Commissioner of Customs or Deputy Commissioner of Customs] may remit
the duty on such deficiency.
(2) This section applies to such warehoused goods as the Central Government, having regard to the volatility of the goods and the manner of their storage, may, by notification in the Official Gazette, specify.
(2) This section applies to such warehoused goods as the Central Government, having regard to the volatility of the goods and the manner of their storage, may, by notification in the Official Gazette, specify.
Notes
1. Subs. by Act 27 of 1999, s. 100, for "Assistant Commissioner of Customs" (w.e.f. 11-5-1999)