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 ... Summary
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.
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