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of <h1>Regulation 5: Importers and exporters face penalties up to 50,000 for violating Customs Audit regulations.</h1> Regulation 5 of the Customs On-site Post Clearance Audit at the Premises of Importers and Exporters Regulations, 2011, imposes a penalty on importers or exporters who violate any provision of these regulations. This includes those who abet such contraventions or fail to comply with their duties under these regulations. The penalty for such violations can be up to fifty thousand rupees.
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