alleryStart learning →When goods are transferred to another warehouse, the bond executed by the importer does what?
ALapses immediately
BContinues in force
CMust be doubled
DIs returned to him
Answer & Solution
Correct answer: B. Continues in force
Section 59(4) keeps the bond in force despite transfer of the goods to another warehouse.
Keep practising Customs Act, 1962
Browse all Customs Act, 1962 questions for CA Final, or explore more Indirecttaxlaws topics.
Related questions
A public customs warehouse (Type B) can be used by whom?The Brussels Definition of Value came from a convention adopted in which year?Which WTO valuation method is set out in Article 5?In the WTO valuation order, the transaction value of identical goods follows which ArticleIn the WTO valuation hierarchy, which method has first precedence?The WTO Agreement on Customs Valuation implements which GATT article?A wooden frame made of tropical wood is classified under which HS subheading?Where do residual 'Other goods' codes normally appear within an HS heading?