Customs duty penalty for suppression or wilful misstatement allows reduced penalty on timely payment and bars duplicate penalties. Penalty for short-levy, non-levy, non-payment, part-payment, or erroneous refund of customs duty or interest applies where the default results from collusion, wilful mis-statement, or suppression of facts. The liable person is subject to a penalty equal to the duty or interest determined, with reduced penalty available if the duty or interest, applicable interest, and the reduced penalty are paid within thirty days of communication of the order, and no separate penalty is imposed under the confiscation-and-penalty provisions where penalty has already been levied under this section.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customs duty penalty for suppression or wilful misstatement allows reduced penalty on timely payment and bars duplicate penalties.
Penalty for short-levy, non-levy, non-payment, part-payment, or erroneous refund of customs duty or interest applies where the default results from collusion, wilful mis-statement, or suppression of facts. The liable person is subject to a penalty equal to the duty or interest determined, with reduced penalty available if the duty or interest, applicable interest, and the reduced penalty are paid within thirty days of communication of the order, and no separate penalty is imposed under the confiscation-and-penalty provisions where penalty has already been levied under this section.
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