(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 13 [Assistant Commissioner of Customs or Deputy Commissioner of Customs] may remit the duty on such deficiency.
1. The words ―without payment of duty‖ omitted by Act 55 of 1991, s. 5 (we.f. 23-12-1991).
2. Subs. by Act 28 of 2016, s. 132, for ―The importer of any warehoused goods may clear them‖ (w.e.f. 14-5-2016).
3. Subs. by s. 132, ibid., for clause (b) (w.e.f. 14-5-2016).
4. Ins. by Act 32 of 2003, s. 114 (w.e.f. 14-5-2003).
5. Subs. by Act 13 of 2018, s. 83, for ―Provided that‖ (w.e.f. 28-3-2018).
6. The words ―rent, interest, other charges and‖ omitted by Act 28 of 2016, s. 132 (w.e.f. 14-5-2016).
7. Ins. by Act 21 of 2006, s. 59 (w.e.f. 18-4-2006).
8. Subs. by Act 13 of 2018, s. 83, for ―Provided further that‖ (w.e.f. 28-3-2018).
9. Subs. by Act 28 of 2016, s. 133, for ―exportation‖ (w.e.f. 14-5-2016).
10. Subs. by Act 7 of 2017, s. 103, for clause (a) (w.e.f. 31-3-2017).
11. Subs. by Act 28 of 2016, s. 133, for clause (b) (w.e.f. 14-5-2016).
12. The proviso ins. by Act 13 of 2018, s. 84 (w.e.f. 28-3-2018).
13. Subs. by Act 27 of 1999, s. 100, for ―Assistant Commissioner of Customs‖ (w.e.f. 11-5-1999).
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(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.