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of <h1>Section 122B: Additional penalty for persons subject to track-and-trace obligations Rs.1,00,000 or 10% of tax, whichever higher</h1> A new Section 122B is inserted imposing an additional penalty for persons subject to the track-and-trace obligations under clause (b) of sub-section (1) of section 148A who contravene those provisions: such persons shall be liable, besides any penalty under Chapter XV or other provisions of the Chapter, to pay a penalty of Rs. 1,00,000 or ten percent of the tax payable on the goods, whichever is higher. The provision takes effect from 1 October 2025.
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