Page 185 - DCOM308_DCOM502_INDIRECT_TAX_LAWS

Indirect Tax Laws

Notes
Did u know? When any goods are taken out of any warehouse, the proper officer shall
cause the fact to be noted in the warehouse register.

Self Assessment

Fill in the blanks:
1. ........................................... provisions to apply only to goods specially notified in the Official
Gazette.
2. The ........................................... shall, by order in writing, from time to time, approve and
appoint public warehouses and may in like manner register private warehouses for the
storage of excisable goods.
3. No ...........................................shall be removed from any warehouse except as on payment
of duty.
4. Any goods ...........................................may be left in the warehouse in which they are deposited.
5. The warehouse-keeper in respect of goods lodged in a ........................................... warehouse,
and the registered person of the warehouse.

11.4 Payment of Rent and Warehouse Dues

(1) The owner of goods lodged in a public warehouse shall pay monthly, on receiving a bill or
written demand for the same from the proper officer, rent and warehouse dues at such rates as
the Commissioner may fix.
(2) A table of rates of rent and warehouse dues so fixed shall be placed in a conspicuous part of
the warehouse.
(3) If any bill for rent or warehouse dues presented under this rule is not discharged within ten
days from the date of presentation, the proper officer may, in the discharge of such demand,
cause to be sold by public auction after due notice in the Official Gazette, or in such other manner
as the Central Board of Excise and Customs may in any particular case direct, such sufficient
portion of the goods as he may select.
(4) Out of the net proceeds of such sale, the proper officer shall first satisfy the demand for the
discharge of which the sale was ordered and shall then pay over the surplus (if any) to the owner
of the goods:

Provided that application for such surplus be made within one year from the date of sale of the
goods or that sufficient cause be shown for not making it within such period.
Keeper of public warehouse to keep record of all entries into, operations in, and removals from
his warehouse,- The public warehouse-keeper shall maintain proper records of all entries into,
operations in, and removals of goods from his warehouse indicating among other particulars,
the quantity, value, rate and amount of duty, marks and numbers, as the case may be, in regard
to such receipts, manufacture or any other processing as are carried on the goods received
including repacking, storage, and delivery of the goods.
Public warehouse to be locked. - Every public warehouse shall be under the lock and key of a
warehouse-keeper appointed by the Commissioner.
Expenses of carriage, packing, etc., to be borne by owner. - The expenses of carriage, packing and
storage of such goods on their reception into or removal from a public warehouse shall, if paid

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