Penalties in respect of improper importation of goods - CBEC's Customs Manual 2023 - Customs

..... 5. Penalties in respect of improper importation of goods: 5.1 In terms of Section 112 of the Customs Act, 1962 any person, who, in relation to any goods, does or omits to do any act which act or omission would renders such goods liable to confiscation under Section 111 or abets the doing or omission of such an act, or, acquires possession of or is in any way concerned in carrying, removing, depositing, harbouring, keeping, concealing, selling or purchasing, or in any other manner dealing with an .....

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Penalties in respect of improper importation of goods - CBEC s Customs Manual 2023 - Customs

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..... ue thereof, to a penalty not exceeding the difference between the declared value and the value thereof or Rs.5, 000/-, whichever is the greater; (iv) In the case of goods falling both under (i) and (iii) above, i.e. goods in respect of which any prohibition is in force and the value stated / declared is higher than the value thereof, to a penalty not exceeding the value of the goods or the difference between the declared value and the value thereof or Rs.5,000/-, whichever is the highest; and (v .....

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Penalties in respect of improper importation of goods - CBEC s Customs Manual 2023 - Customs

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