Lawgist.Download the App Now!
Get our Android app for fast and offline Access.
We heard you! Soon we are bringing you the biggest update yet with Updated & New acts, all Central and State acts, the Constitution of India, and a dedicated Mobile App! 🚀
When the whole of the goods covered by any
bond executed under 1[section 59 2***] have been cleared for home consumption or exported or
3[transferred or] are otherwise duly accounted for, and when all amounts due on account of such goods
have been paid, the proper officer shall cancel the bond as discharged in full, and shall on demand deliver
it, so cancelled, to the person who has executed or is entitled to receive it.
Download our fully-offline, High speed android app.- Click here
1. Subs. by Act 55 of 1991, s. 9, for "section 59" (w.e.f. 23-12-1991).
2. The words, figures and letter "or section 59A" omitted by Act 32 of 1994, s. 60 (w.e.f. 13-5-1994).
3. Ins. by s. 136, ibid. (w.e.f. 14-5-2016).