Penalty u/s 114

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..... Penalty u/s 114
Query (Issue) Started By: - Sudhir Kumar Dated:- 9-9-2018 Last Reply Date:- 10-9-2018 Customs - Exim - SEZ
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Customs
If goods laden on the commercial vehicle sei .....

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..... zed for illegal export. How much redemption fine as well as penalty to be imposed upon for provisional release under section 125 and 114 of the Customs Act 1962.please guide . Reply By DR.MARIAPPAN G .....

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..... OVINDARAJAN: The Reply: Penalty is not exceeding the value of the goods, as declared by the exporter or the value as determined under this Act, whichever is the greater. The redemption fine is as dec .....

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..... ided by the officer concerned as he deems fit.
Discussion Forum - Knowledge Sharing .....

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