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of <h1>Customs Act Section 125: Mandatory Fine Option for Non-Prohibited Goods, Discretionary for Prohibited; 120-Day Payment Window.</h1> Section 125 of the Customs Act, 1962, allows an officer to offer the option to pay a fine instead of confiscating goods when such confiscation is authorized. This option is mandatory for non-prohibited goods and discretionary for prohibited ones. The fine cannot exceed the market price of the confiscated goods, minus any applicable import duties. If the fine is not paid within 120 days, the option becomes void unless an appeal is pending. The provision includes clarifications regarding the applicability of the option for cases adjudged before the Finance Bill, 2018, received presidential assent.
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