Customs Act 1962

Warehousing

Section 70. Allowance in case of volatile goods

(1) When any warehoused goods to which this section applies are at the time of delivery from a warehouse found to be deficient in quantity on account of natural loss, the Assistant Commissioner of Customs or Deputy Commissioner of Customs may remit the duty on such deficiency.

*(2) This section applies to such warehoused goods as the Central Government, having regard to the volatility of the goods . and the manner of their storage, may, by notification in the Official Gazette, specify.