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of <h1>Finance Bill 2019: Amendment to Customs Act Section 158 Raises Max Penalty from 50k to 2 Lakh</h1> Clause 81 of the Finance (No. 2) Bill, 2019 proposes an amendment to section 158 of the Customs Act. Specifically, it seeks to modify sub-section (2), clause (ii), by increasing the maximum penalty for violations of rules or regulations under the Customs Act from fifty thousand rupees to two lakh rupees.
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