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of <h1>Section 114 of Customs Act: Penalties for Improper Export Attempts; Up to Triple Value for Prohibited Goods.</h1> Section 114 of the Customs Act, 1962, outlines penalties for improper attempts to export goods. It applies to individuals whose actions or omissions make goods liable for confiscation under Section 113 or who abet such actions. For prohibited goods, the penalty can be up to three times their value. For dutiable goods, the penalty is up to 10% of the duty evaded or five thousand rupees, whichever is higher, with a reduced penalty if paid within thirty days. For other goods, the penalty can be up to their declared or determined value.
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