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Penalty for customs contravention imposes monetary sanction on auditees who contravene, abet, or fail compliance. An auditee who contravenes any provision of these regulations, abets such contravention, or fails to comply with any provision with which it was his duty to comply shall be liable to a penalty which may extend to fifty thousand Indian rupees.
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<h1>Penalty for customs contravention imposes monetary sanction on auditees who contravene, abet, or fail compliance.</h1> An auditee who contravenes any provision of these regulations, abets such contravention, or fails to comply with any provision with which it was his duty to comply shall be liable to a penalty which may extend to fifty thousand Indian rupees.