Amendment of section 122.
122. In section 122 of the Customs Act,––
(i) in clause (b), for the words "two lakh", the words "five lakh" shall be substituted;
(ii) in clause (c), for the words "ten thousand", the words "fifty thousand" shall be substituted.
Notes on Clauses:
Clause 122 of the Bill seeks to amend clause (b) of section 122 of the Customs Act so as to substitute the words “two lakh” with the words “five lakh” and to amend clause (c) thereof to substitute the words “ten thousand” with the words “fifty thousand”.
These amendments will take effect from the date on which this Bill receives the assent of the President.
