https://www.taxtmi.com/acts?id=19649 Amendment caps penalties for dutiable goods (excluding prohibited goods and subject to section 114A) by reference to the duty sought to be evaded or a prescribed minimum, and provides that if the determined duty and interest are paid promptly after communication of the officer's order, the payable penalty is reduced to a fraction of the penalty otherwise determined, thereby creating a prompt payment penalty reduction mechanism. en-us Thu, 07 May 2015 14:41:06 +0530 Sat, 09 May 2015 12:34:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19649 Amendment caps penalties for dutiable goods (excluding prohibited goods and subject to section 114A) by reference to the duty sought to be evaded or a prescribed minimum, and provides that if the determined duty and interest are paid promptly after communication of the officer's order, the payable penalty is reduced to a fraction of the penalty otherwise determined, thereby creating a prompt payment penalty reduction mechanism. Act-Rules F. Acts / Amendment Acts Thu, 07 May 2015 14:41:06 +0530 https://www.taxtmi.com/acts?id=19649