Customs penalty thresholds increased, raising monetary limits and expanding enforcement scope under recent amendment to customs law provisions. The amendment substitutes higher monetary amounts into two clauses of the Customs Act, raising the financial thresholds that trigger the application and enforcement of the specified customs provisions and thereby changing the scope of applicability for those provisions.
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Customs penalty thresholds increased, raising monetary limits and expanding enforcement scope under recent amendment to customs law provisions.
The amendment substitutes higher monetary amounts into two clauses of the Customs Act, raising the financial thresholds that trigger the application and enforcement of the specified customs provisions and thereby changing the scope of applicability for those provisions.
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