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of <h1>Violating Customs Audit Regulations 2018 can lead to penalties up to 50,000 under Regulation 7.</h1> Regulation 7 of the Customs Audit Regulations, 2018, stipulates that any auditee who violates or assists in the violation of these regulations, or fails to comply with their duties under these regulations, is subject to a penalty. The penalty for such contravention can be as much as fifty thousand Indian rupees.
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