Penalty for duty evasion: capped penalties for dutiable goods and reduced penalty where duty and interest are paid promptly. The amendment revises the penalty clause in section 114 to impose a capped penalty for dutiable goods (excluding prohibited goods) linked to the duty sought to be evaded or a statutory floor amount, and adds a proviso reducing the payable penalty to a specified fraction where the duty as determined by the proper officer and the interest thereon are paid within thirty days of communication of the officer's determination.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty for duty evasion: capped penalties for dutiable goods and reduced penalty where duty and interest are paid promptly.
The amendment revises the penalty clause in section 114 to impose a capped penalty for dutiable goods (excluding prohibited goods) linked to the duty sought to be evaded or a statutory floor amount, and adds a proviso reducing the payable penalty to a specified fraction where the duty as determined by the proper officer and the interest thereon are paid within thirty days of communication of the officer's determination.
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