Customs amendment treats penalties paid under the Act as charges for non-payment of duty, affecting enforcement. The amendment provides that a penalty paid under sub-section (5), on determination under that sub-section, shall be deemed a charge for non-payment of ... Summary
Customs amendment treats penalties paid under the Act as charges for non-payment of duty, affecting enforcement.
The amendment provides that a penalty paid under sub-section (5), on determination under that sub-section, shall be deemed a charge for non-payment of duty, thereby making the penalty operate as a fiscal charge for enforcement and recovery purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.