Cus Ntf. No.23/2001(NT) Date 22/05/2001

Finance Act, 2001 Effective June 1, 2001

In exercise of the powers conferred by section 106 of the Finance Act, 2001 (14 of 2001), the Central Government hereby appoints the 1st day of June 2001, for the purpose of that section.

Sd/-
(Prashant Kumar Sinha)
Under Secretary to the Government of India

Note: Section 106 of the Finance Act 2001 seeks to amend sub-section (2) clause (ii) of Section 61 of the Customs Act 1962. The effect of the amendment is that w.e.f. 1st June, 2001 interest on warehoused goods will be charged if the same remain in warehouse beyond a period of 30 days.

Presented by eximkey.com