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of <h1>Section 117 Customs Act: Penalty for Violations Revised to Max Four Lakh Rupees Effective August 1, 2019</h1> Section 117 of the Customs Act, 1962, addresses penalties for contraventions not specifically mentioned elsewhere in the Act. It stipulates that any person who violates or assists in the violation of any provision of the Act, or fails to comply with provisions they are obligated to follow, is subject to a penalty not exceeding four lakh rupees. This amount was revised from previous limits of ten thousand rupees and one lakh rupees, with the most recent amendment made by the Finance (No. 2) Act, 2019, effective from August 1, 2019.
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