https://www.taxtmi.com/acts?id=1112 Imposition of penalty for knowingly or intentionally making, signing or using any declaration, statement or document that is false or incorrect in any material particular in business under the Customs Act. Liability arises where the false or incorrect material is used in the transaction of business for the purposes of the Act, and the penalty may extend to five times the value of the goods. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 26 May 2026 16:45:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=1112 Imposition of penalty for knowingly or intentionally making, signing or using any declaration, statement or document that is false or incorrect in any material particular in business under the Customs Act. Liability arises where the false or incorrect material is used in the transaction of business for the purposes of the Act, and the penalty may extend to five times the value of the goods. Act-Rules Customs Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=1112