TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Customs Act 1962: Penalties and Confiscation Require Show Cause Notice and Hearing Opportunity, Mens Rea Not Needed for Penalties</h1> The Customs Act, 1962 mandates quasi-judicial proceedings before imposing penalties or confiscating goods, requiring a Show Cause Notice and opportunities for representation and hearing. Section 122 allows confiscation or penalties to be adjudged by designated Customs officers, with limits specified by the Board. Mens rea is generally not required for penalties, which are deterrent in nature. Section 125 offers an option to pay a fine instead of confiscation, not exceeding the goods' market price minus applicable duties. Confiscated goods vest in the Central Government, and fines must be paid within 120 days unless under appeal.
TaxTMI 
