Penalty increase in customs law: statutory monetary sanction raised by amendment, altering the prescribed pecuniary liability. Amendment increases the statutory monetary sanction under the Customs Act by substituting the former specified penalty amount with a higher specified amount in the provision governing penalties, effected through the Finance (No. 2) Act, 2019 as a textual substitution in the relevant clause.
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Penalty increase in customs law: statutory monetary sanction raised by amendment, altering the prescribed pecuniary liability.
Amendment increases the statutory monetary sanction under the Customs Act by substituting the former specified penalty amount with a higher specified amount in the provision governing penalties, effected through the Finance (No. 2) Act, 2019 as a textual substitution in the relevant clause.
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