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of <h1>Penalties for Improper Importation Under Section 112 of Customs Act: Details on Fines for Prohibited and Dutiable Goods.</h1> Section 112 of the Customs Act, 1962, outlines penalties for improper importation of goods. It applies to individuals involved in actions or omissions rendering goods liable to confiscation under Section 111. Penalties vary based on the nature of the goods: prohibited goods incur penalties up to their value or five thousand rupees, whichever is greater; dutiable goods face penalties up to ten percent of the evaded duty or five thousand rupees, whichever is higher, with a reduced penalty if paid promptly. Additional penalties apply if declared values are inaccurate, with the highest penalty determined by the specific circumstances of the infraction.
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