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04/11/2025
Laws of Bangladesh

The Customs Act, 1969

( ACT NO. IV OF 1969 )

[ 8th March, 1969 ]

Chapter XI

WAREHOUSING

Power to remit duties on warehoused goods lost or destroyed
115. If any warehoused goods, in respect of which a bond has been executed under section 86 and which have not been cleared for home-consumption are lost or destroyed by unavoidable accident or cause, the 1[Commissioner of Customs (Bond) or any other Commissioner of Customs authorised by the Board] may in his discretion remit the duties due thereon:
 
 
Provided that, if any such goods be so lost or destroyed in a private warehouse, 2[notice thereof in writing shall] be given to the appropriate officer 3[within 4[three] working days] after the discovery of such loss or destruction.
  • 1
    The words "within two working days" were substituted for the words "within forty-eight hoursÕÕ by section 7 of the Finance Ordinance, 2008 (Ordinance No. 33of 2008).
  • 2
    The words “notice thereof in writing shall” were substituted for the words “notice thereof” by section 4 of অর্থ আইন, ১৯৯৮ (১৯৯৮ সনের ১৪ নং আইন)
  • 3
    The words “within two working days” were substituted for the words “within forty-eight hours” by section 7 of the Finance Act, 2009 (Act No. X of 2009) (with effect from 1st July, 2008).
  • 4
    The word “three” was substituted for the words “two” by section 7 of অর্থ আইন, ২০১৬ (২০১৬ সনের ২৮ নং আইন)
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