https://www.taxtmi.com/acts?id=49864 Amendment revises penalty computation under the Customs Act by replacing ceilings expressed as multiples of value, duty sought to be evaded, or the difference between declared and actual value with ceilings equal to the value, the duty sought to be evaded, or the difference itself, and by increasing the fixed minimum monetary penalty applied across those contingencies. en-us Tue, 25 Feb 2025 14:43:41 +0530 Tue, 25 Feb 2025 14:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49864 Amendment revises penalty computation under the Customs Act by replacing ceilings expressed as multiples of value, duty sought to be evaded, or the difference between declared and actual value with ceilings equal to the value, the duty sought to be evaded, or the difference itself, and by increasing the fixed minimum monetary penalty applied across those contingencies. Act-Rules F. Acts / Amendment Acts Tue, 25 Feb 2025 14:43:41 +0530 https://www.taxtmi.com/acts?id=49864