Responsibility of Board for loss, etc. of goods.

(1)Subject to the provisions of this Act, the responsibility of the Board for the loss, destruction or deterioration of goods of which it has taken charge shall – (a) be subject to provisions of the Customs Act, 1962; (b) in case of goods received for carriage by railways, be governed by the provision of the Railways Act,1989 ; and (c) in other cases, be that of a bailee under the Indian Contract Act, 1872: Provided that, no responsibility under this section shall attach to the Board until a receipt under section 32 has been issued by the Board and after the expiry of such period from the date of taking charge of such goods by the Board, as may be prescribed by regulations. (2) The Board shall not be in any way responsible for the loss, destruction, deterioration or damage to goods of which it has taken charge, unless notice of such loss or damage has been given within such period from the date of taking charge of such goods as may be prescribed by regulations.