Section 114 - Penalty for attempt to export goods improperly, etc

Penalty for improper export attempts: escalating monetary penalties and confiscation risk for prohibited, dutiable, and other goods.

Penalty framework imposes monetary sanctions on persons who commit or abet acts rendering goods liable to confiscation, with separate caps for prohibited goods, dutiable goods (subject to a mitigation mechanism where determined duty and interest are promptly paid) and other goods; penalties are tied to exporter-declared value or value determined under the Act.