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TypeBare Act JurisdictionCentral Government

Finance Act, 2002 Section 124

AMENDMENT OF SECTION 61 -In Section 61 of the Customs Act-, in sub-section

~1 min read
https://sooperkanoon.com/act/250322

Bare act section · Research

About this section

Finance Act, 2002 Section 124 is part of Finance Act, 2002 - AMENDMENT OF SECTION 61 -In Section 61 of the Customs Act-, in sub-section. Read the section text below and explore Indian court judgments that cite it.

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Section Text

1), in the first proviso, for clause (i), the following clause shall be substituted, namely:- "(i) in the case of any goods which are not likely to deteriorate, the period specified in clause (a) or clause (b) may, on sufficient cause being shown, be extended- (A) in the case of such goods intended for use in any hundred per cent export- oriented undertaking, by the Commissioner of Customs, for such period as he may deem fit; and (B) in any other case, by the Commissioner of Customs, for a period not exceeding six months and by the Chief Commissioner of Customs for such further period as he may deem fit;".

Frequently asked questions

What does Finance Act, 2002 Section 124 provide?

Section Section 124 of the Finance Act, 2002 (AMENDMENT OF SECTION 61 -In Section 61 of the Customs Act-, in sub-section) is reproduced on this page as part of the Finance Act, 2002. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 2002 Section 124?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2002 Section 124. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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