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<h1>Finance Act 2003 amends Customs Act Section 122, raising monetary thresholds in clauses (b) and (c) for penalties.</h1> Section 122 of the Customs Act has been amended by the Finance Act, 2003. In clause (b), the monetary threshold has been increased from 'fifty thousand' to 'two lakh.' In clause (c), the threshold has been raised from 'two thousand five hundred' to 'ten thousand.' These changes adjust the financial limits applicable under the specified clauses of the Customs Act.