Sec 23 and sec 70

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2013 If i want to claim remission for loss of volatile goods due to natural loss, can i claim the same under sec 23, even though separate sec 70 addresses specifically the same case?
because sec 23 is a general section for remission and it does not write 'except the goods covered u/s70'.....

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

25 March 2013 Section 23 in The Customs Act, 1962
**************************************

Remission of duty on lost, destroyed or abandoned goods.

(1) 1[ Without prejudice to the provisions of section 13, where it is shown] to the satisfaction of the Assistant Commissiner of Customs. that any imported goods have been lost 2[ (otherwise than as a result of pilferage)] or destroyed, at any time before clearance for home consumption, the Assistant Commissioner of Customs shall remit the duty on such goods.

(2) 3[ The owner of any imported goods may, at any time before an order clearance of goods for whole constitution under section 47 or an order for permitting the deposits of goods in a werehouse under section 60 has been made, relinquish his title to the goods and thereupon he s- hall not be liable to the goods and pay the duty thereon.:]

and

SECTION 70.

Allowance in case of volatile goods. – (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 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.

Querist : Anonymous

Querist : Anonymous (Querist)

31 March 2013 sir, you have stated the respective sections...kindly interpret the same in the context of my query..
thank you in advance!!

Upgrade to CAclubindia Pro. Subscribe Now!

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

16 April 2013 any information can be get through RTI eminent expert please guide.