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of <h1>Finance Act 2012 Raises Customs Act Section 122 Monetary Thresholds: Clause (b) to 5L, Clause (c) to 50K.</h1> Section 122 of the Customs Act has been amended by the Finance Act, 2012. In clause (b), the monetary threshold has been increased from 'two lakh' to 'five lakh.' In clause (c), the monetary threshold has been raised from 'ten thousand' to 'fifty thousand.'
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