Penalties for Improper Export: Up to Triple Value for Prohibited Goods Under Section 114 of Customs Act 1962.
Under Section 114 of the Customs Act, 1962, penalties are imposed for improper exportation of goods. If any act or omission makes goods liable for confiscation under Section 113, or if one abets such actions, penalties apply. For prohibited goods, the penalty can be up to three times the goods' value. For dutiable goods, the penalty is up to 10% of the evaded duty or Rs. 5,000, whichever is higher, with a reduction to 25% if paid within 30 days. For other goods, the penalty can be up to the goods' declared or determined value.
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