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TMI BlogAdjudication of confiscations and penaltiesX X X X Extracts X X X X X X X X Extracts X X X X ..... ion 124 of the said Act, the persons concerned are required to be given opportunity of representation in writing and personal hearing in the matter. The notice and the representation may be at the request of the person concerned be made oral. Besides issue of notice under section 124, the proper officer may issue a supplementary notice under circumstances or manner prescribed by the Board. The adj ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Value of goods liable for confiscation (1) Assistant Commissioner of Customs or Deputy Commissioner of Customs Above rupees one lakh but not exceeding rupees ten lakhs (2) A Gazetted Officer of Customs lower in rank than an Assistant Commissioner of Customs or Deputy Commissione ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Whenever the confiscation of goods is authorized as per the sub-section (1) of section 125, of the Customs Act, 1962, the adjudicating authority MAY in the case of any goods where the importation or exportation is prohibited under this Act or under any other law for the time being in force, and SHALL, in the case any other goods, give to the owner of the goods (or from whose possession or custod ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on, be liable to any duty and charges payable in respect of such goods. 9.6 As per sub-section (3) of section 125 of the Customs Act, 1962, where the fine imposed under sub-section (1) is not paid within a period of 120 days from the date of option given thereunder, such option shall become void, unless an appeal against such order is pending. - Manuals - Ready reckoner - Law and practice - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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