Penalty for certain offences

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..... elieve are liable to confiscation under the Act or these rules, shall be liable to a penalty not exceeding the duty on such goods or rupees 1[two thousand rupees,] whichever is greater.] 3[Provided that where any proceeding for the person liable to pay duty have been concluded under clause (a) or clause (d) of sub-section (1) of section 11AC of the Act in respect of duty, interest and penalty, al .....

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..... s so re-numbered, vide NotificationNo.8/2007 CE (NT) dated 1/3/2007 and reduction of penalty from Rs. Ten thousand to two thousand, with effect from the date on which the Finance Bill, 2007 receives assent of the President (i.e. 11-5-2007) 2. After sub-rule(1) as so re-numbered, the above sub-rule has been inserted vide NotificationNo.8/2007 CE (NT) dated 1/3/2007, with effect from the date on wh .....

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