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Start Free TrialCustoms Act, 1962 Chapter 3
Title: Appointment of Customs Ports, Airports, Warehousing Stations, Etc
State: Central
Year: 1962
.....rescinded or superseded under the provisions of thissection.] ________________________ 1.Section 7 renumbered as sub-section (1) thereof by Act 32 of 2003, section 105(w.e.f. 14-5-2003). 2.Inserted by Act 11 of 1983, section 47 (w.e.f. 13-5-1983). 3.Inserted by Act 32 of 2003, section 105 (w.e.f. 14-5-2003). Section 8 - Power to approve landing places and specify limits of customs area The1[ Commissioner of Customs may -- ( a) approve proper places in any customs port or customs airport or coastal port for the unloading and loading of goods or for any class of goods; ( b) specify the limits of any customs area. ________________________ 1. Substituted by Act 22 of 1995, section 50, for "Collector of Customs" (w.e.f. 26-5-1995). Section 9 - Power to declare places to be warehousing stations The Board may, by notification in the Official Gazette, declare places to be warehousing stations at which alone public warehouses may be appointed and private warehouses may be licensed. Section 10 - Appointment of boarding stations The1[Commissioner of Customs] may, by notification in the Official Gazette, appoint, in or near any customs port, a boarding.....
View Complete Act List Judgments citing this sectionCustoms Act, 1962 Section 9
Title: Power to Declare Places to Be Warehousing Stations
State: Central
Year: 1962
The Board may, by notification in the Official Gazette, declare places to be warehousing stations at which alone public warehouses may be appointed and private warehouses may be licensed.
View Complete Act List Judgments citing this sectionCustoms Act, 1962 Chapter 9
Title: Warehousing
State: Central
Year: 1962
.....(1 of 1944)10 .] ___________________ 1. Substituted by Act 32 of 1994, section 60, for section 61 (w.e.f. 13-5-1994). 2. Word "and" omitted by Act 32 of 2003, section 113 (w.e.f. 14-5-2003). 3. Inserted by Act 32 of 2003, section 113 (w.e.f. 14.05.2003). 4. Substituted by Act 20 of 2002, section 124, for clause (i) (w.e.f. 11-5-2002). 5. Substituted by Act 32 of 2003, section 113, for "clause (a) or clause (b)" (w.e.f. 14-5-2003). 6. Substituted by Act 22 of 1995, section 50, for "Collector of Customs" (w.e.f. 26-5-1995). 7. Substituted by Act 27 of 1999, section 107, for certain words (w.e.f. 11-5-1999). 8. Substituted by Act 32 of 2003, section 113, for "sub-clause (a)" (w.e.f. 14-5-2003). 9. Substituted by Act 32 of 2003, section 113, for "thirty days" (w.e.f. 14-5-2003). 10. Now the Central Excise Act, 1944 (1 of 1944). Section 62 - Control over warehoused goods (1) All warehoused goods shall be subject to the control of the proper officer. (2) No person shall enter a warehouse or remove any goods therefrom without the permission of the proper officer. (3) The proper officer may cause any warehouse to be locked with the lock of the Customs.....
View Complete Act List Judgments citing this sectionWarehousing Corporations Act, 1962 Chapter II
Title: The Central Warehousing Corporation
State: Central
Year: 1962
..... 1["(ea) inter into, with the previous approval of the Central Government, joint ventures with any corporation established by or under any Central Act or any State Act or with any company formed and registered under the Companies Act, 1956 (1 of 1956) including foreign company or through its subsidiary companies, for carrying out the purposes of this Act. Explanation. - For the purpose of this clause, the expression "foreign company" shall have the meaning assigned to it under the clause (23A) of section 2 of the Income-tax Act, 1961(43 of 1961); (eb) establish subsidiary companies; and"] (f) carry out such other functions as may be prescribed. ________________________ 1. Inserted By The Warehousing Corporation (Amendment) Act, 2001 w.e.f. 01.11.2001. 2 . The word "and" omitted by The Warehousing Corporation (Amendment) Act, 2001 w.e.f. 01.11.2001. Section 12 - Executive Committee (1) There shall be an ExecutiveCommittee of the Central Warehousing Corporation which shall consist of-- (a) the Chairman 1 [ ****] of the board of directors; (b) the managing director; and (c) two other directors chosen by the Corporation in theprescribed manner. 2 (2) The.....
View Complete Act List Judgments citing this sectionWarehousing Corporations Act, 1962 Chapter III
Title: State Warehousing Corporations
State: Central
Year: 1962
.....under sub-section (1) where, under clause (g)of sub-section (2) of section 43-, a Corporation is deemed to be established for that State under this Act. Section 19 - Share capital and shareholders (1) The authorised capital of a State Warehousing Corporation shall be such sum not exceeding two crores of rupees as may be prescribed, divided into shares of the face value of one hundred rupees each, of which such number as may be determined by the Corporation in consultation with the State Government shall be issued in the first instance and the remaining shares may be issued, from time to time, as and when the Corporation may deem fit after consultation with the Central Warehousing Corporation and with the sanction of the State Government: 1[Provided that in respect of any State Warehousing Corporation the Central Government may, after consultation with the State Government concerned, from time to time and by order notified in the Official Gazette, increase the maximum limit of the authorised capital aforesaid to such extent and in such manner as the Central Government may determine.] (2) Of the share capital issued in the first instance and of any subsequent issue of such.....
View Complete Act List Judgments citing this sectionWarehousing Corporations Act, 1962 Complete Act
Title: Warehousing Corporations Act, 1962
State: Central
Year: 1962
.....Corporation Section31A - Returns and reports Chapter V Section32 - Vacancies, etc., not to invalidate acts and proceedings of Warehousing Corporations Section33 - Delegation Section34 - Voting rights of shareholders Section35 - Disputes between Central Warehousing Corporation and State Warehousing Corporation Section36 - Declaration of fidelity and secrecy Section37 - Indemnity of directors Section38 - Offences Section39 - Provisions relating to income-tax and super-tax Section40 - Winding up of Warehousing Corporations Section41 - Power to make rules Section42 - Power of Warehousing Corporations to make regulations Section43 - Repeal and savings ScheduleI - DECLARATION OF FIDELITY AND SECRECY Amending Act1 - WAREHOUSING CORPORATION (AMENDMENT) ACT, 2001
List Judgments citing this sectionWarehousing Corporations Act, 1962 Section 16
Title: Warehousing Fund
State: Central
Year: 1962
.....shall be credited-- (a) all moneys and other securities transferred to the Central Warehousing Corporation under clause (c) of sub-section (2) of section 43; (b) such grants and loans as the Central Government way make for the purposes of the Warehousing Fund; and (c) such sums of money as may, from time to time, be realised out of the loans made from the Warehousing Fund or from interest on loans or dividends on investments made from that fund. (2) The Warehousing Fund shall be applied-- (a) for advancing loans to State Governments on such terms and conditions as the Central Warehousing Corporation may deem fit for the purpose of enabling them to subscribe to the share capital of State Warehousing Corporations; (b) for advancing loans and granting subsidies to State Warehousing Corporations or to State Governments on such terms and conditions as the Central Warehousing Corporation may deem fit for the purpose of promoting the warehousing and storage of agricultural produce and notified commodities, otherwise than through co- operative societies; 1[(c) for meeting the expenses incurred in relation to the training of personnel, or publicity and propaganda, for the.....
View Complete Act List Judgments citing this sectionWarehousing Corporations Act, 1962 Section 20
Title: Management of a State Warehousing Corporation
State: Central
Year: 1962
.....or, if the State Government and the Central Warehousing Corporation give conflicting instructions, the matter shall be referred to the Central Government whose decision thereon shall be final. (6) The directors of a State Warehousing Corporation, other than the managing director, shall be entitled to receive by waof remuneration on such sums as may be prescribed: Provided that no official director shall be entitled to receive any remuneration other than any allowances admissible to him under the rules regulating his conditions of service. (7) The term of office of, and the manner of filling casual vacancies among, directors shall be such as may be prescribed. ________________________ 1. Substituted for the words "with the previous approval of" by The Warehousing Corporation (Amendment) Act, 2001 w.e.f.01.11.2001.
View Complete Act List Judgments citing this sectionWarehousing Corporations Act, 1962 Section 31
Title: Accounts and Audit of Warehousing Corporation
State: Central
Year: 1962
.....its financial year, and in case he has called for any explanation or information from the officers, whether it has been given and whether it is satisfactory. (6) The appropriate Government may, after consultation with the Comptroller and Auditor-General of India at any time issue directions to the auditor requiring him to report to the appropriate Government upon the adequacy of measures taken by a Warehousing Corporation for the protection of its shareholders and creditors or upon the sufficiency of his procedure in auditing the accounts of the Corporation and may enlarge or extend the scope of the audit or direct that a different procedure in audit may be adopted or direct that any other examination may be made by the auditor if in the opinion of the appropriate Government public interest so requires. (7) A Warehousing Corporation shall send a copy of every report of the auditor to the Comptroller and Auditor-General of India and to the Central Government at least one month before it is placed before the shareholders. (8) Notwithstanding anything hereinbefore contained in this section, the Comptroller and Auditor-General of India may, either of his own motion or on a.....
View Complete Act List Judgments citing this sectionWarehousing (Development and Regulation) Act 2007 Chapter V
Title: The Warehousing Development and Regulatory Authority
State: Central
Year: 2007
.....it considers necessary for the efficient discharge of its function under this Act. (2) The terms and conditions of service of officers and other employees of the Authority appointed under sub-section (1) shall be governed by regulations made under this Act. Section 34 - Warehousing Advisory Committee (1) The Authority may, by notification, constitute a Committee to be known as the Warehousing Advisory Committee to advise the Authority on matters relating to the making of regulations under section 51 and make recommendations for effective implementation of the provisions of this Act. (2) The Warehousing Advisory Committee shall consist of not more than fifteen members excluding the members of the Authority to represent the interests of commerce, industry, engineering, agriculture, consumers, organisations engaged in warehousing, quality control, preservation and research bodies. (3) Without prejudice to the provisions of sub-section (1), the Warehousing Advisory Committee may advise the Authority on such other matters as may be referred to it by the Authority.
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