Increase in penalty thresholds under customs law raises specified monetary limits for penalty applicability. Amendment increases monetary thresholds under section 122 of the Customs Act by substituting higher specified sums in clause (b) and clause (c), thereby raising the numeric thresholds that determine applicability of the relevant penalty provisions.
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.
Increase in penalty thresholds under customs law raises specified monetary limits for penalty applicability.
Amendment increases monetary thresholds under section 122 of the Customs Act by substituting higher specified sums in clause (b) and clause (c), thereby raising the numeric thresholds that determine applicability of the relevant penalty provisions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.