Penalty for contravention of customs finalisation regulations triggers prescribed statutory penalty and possible additional enforcement actions under law. The regulation imposes a penalty on importers, exporters, authorised representatives or Customs brokers who contravene, abet contravention of, or fail to comply with these regulations, with the sanction equated to the amount provided under clause (ii) of sub section (2) of section 158 of the Act and without prejudice to other enforcement actions under the Act, rules or other laws.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty for contravention of customs finalisation regulations triggers prescribed statutory penalty and possible additional enforcement actions under law.
The regulation imposes a penalty on importers, exporters, authorised representatives or Customs brokers who contravene, abet contravention of, or fail to comply with these regulations, with the sanction equated to the amount provided under clause (ii) of sub section (2) of section 158 of the Act and without prejudice to other enforcement actions under the Act, rules or other laws.
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