Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
False or incorrect declarations under customs law may attract penalty for intentional misuse in business transactions. Imposition of penalty for knowingly or intentionally making, signing or using any declaration, statement or document that is false or incorrect in any material particular in business under the Customs Act. Liability arises where the false or incorrect material is used in the transaction of business for the purposes of the Act, and the penalty may extend to five times the value of the goods.
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.
False or incorrect declarations under customs law may attract penalty for intentional misuse in business transactions.
Imposition of penalty for knowingly or intentionally making, signing or using any declaration, statement or document that is false or incorrect in any material particular in business under the Customs Act. Liability arises where the false or incorrect material is used in the transaction of business for the purposes of the Act, and the penalty may extend to five times the value of the goods.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.