Section 6. In section 59 of the principal Act, for sub-section (1), the following sub-section shall be substituted, namely:

6. In section 59 of the principal Act, for sub-section (1), the following sub-section shall be substituted, namely:— "(1) The importer of any goods specified in clause (a) of sub-section (1) of section 61, which have been entered for warehousing and assessed to duty under section 17 or section 18 shall execute a bond binding himself in a sum equal to twice the amount of the duty assessed on such goods— (a) to observe all the provisions of this Act and the rules and regulations in respect of such goods; (i) all duties, and interest, if any, payable under sub-section (2) of section 61; (c) to discharge all penalties incurred for violation of the provisions of this Act and the rules and regulations in respect of such goods.". Insertion of new section 59A.