Penalties in respect of improper importation of goods

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.... or abets the doing or omission of such an act, or, acquires possession of or is in any way concerned in carrying, removing, depositing, harbouring, keeping, concealing, selling or purchasing, or in any other manner dealing with any goods which he knows or has reason to believe are liable to confiscation under Section 111, shall be liable to penalties as follows:- (i) In the case of goods in res....

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....ich the value declared is higher than the value thereof, to a penalty not exceeding the difference between the declared value and the value thereof or Rs.5, 000/-, whichever is the greater; (iv) In the case of goods falling both under (i) and (iii) above, i.e. goods in respect of which any prohibition is in force and the value stated / declared is higher than the value thereof, to a penalty not ....