Payment of rent and warehouse charges.

¹[SECTION 63.(****)

Note :-

1. Section 63 omitted (w.e.f. 14-5-2016) by section 129 of the Finance Act, 2016 (28 of 2016). Earlier section 63 was amended (w.e.f. 26-5-1995)by , section 50 of  Act 22 of 1995and by section 78 of Act 25 of 2014, (w.e.f. 6-8-2014). Section 63, before omission by the Finance Act, 2016, stood as under:

"63. Payment of rent and warehouse charges.—(1) The owner of any warehoused goods shall pay to the warehouse-keeper rent and warehouse charges at the rate fixed under any law for the time being in force or where no rates are so fixed, at such rate as may be fixed by the Principal Commissioner of Customs or Commissioner of Customs.

(2) If any rent or warehouse charges are not paid within ten days from the date when they became due, the warehouse-keeper may, after notice to the owner of the warehoused goods and with the permission of the proper officer cause to be sold (any transfer of the warehoused goods notwithstanding) such sufficient portion of the goods as the warehouse ¬keeper may select.".