Increase in customs penalty limit expands enforcement authority for breaches of customs rules and regulations. Amendment increases the maximum monetary sanction under section 158(2) of the Customs Act for contraventions of rules or regulations framed under the Act by revising the cap on the penalty amount, replacing the previous upper limit with a higher statutory ceiling and expanding the enforcement range available to authorities for fines imposed for regulatory violations.
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Increase in customs penalty limit expands enforcement authority for breaches of customs rules and regulations.
Amendment increases the maximum monetary sanction under section 158(2) of the Customs Act for contraventions of rules or regulations framed under the Act by revising the cap on the penalty amount, replacing the previous upper limit with a higher statutory ceiling and expanding the enforcement range available to authorities for fines imposed for regulatory violations.
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