Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals SMS News Articles
Discussions Forum
Home Forum Customs - Import - Export - Customs - SEZ This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Penalty u/s 114, Customs - Import - Export - Customs - SEZ

Issue Id: - 114132
Dated: 9-9-2018
By:- Sudhir Kumar
Penalty u/s 114

  • Contents

If goods laden on the commercial vehicle seized for illegal export. How much redemption fine as well as penalty to be imposed upon for provisional release under section 125 and 114 of the Customs Act 1962.please guide .

Post Reply

Posts / Replies

Showing Replies 1 to 1 of 1 Records

1 Dated: 10-9-2018

Penalty is not exceeding the value of the goods, as declared by the exporter or the value as determined under this Act, whichever is the greater. The redemption fine is as decided by the officer concerned as he deems fit.


Post Reply

← Previous Next →
Discussion Forum
what is new what is new

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map ||