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Encashment of post-dated cheque

(1) Where the owner fails to clear bonded goods to the purposes specified in this Chapter within the warehousing period, the post-dated cheque submitted under section 86 by the owner of goods may be got encashed after the expiry of warehousing period. [i] (2) In case the post-dated cheque is not enchased for any reason, the Collector of cust...


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