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In section 158 of the Customs Act, in sub-section (2), for clause (ii), the following clause shall be substituted, namely:—

"(ii) that any person who contravenes any provision of a rule or regulation or abets such contravention or who fails to comply with any provision of a rule or regulation with which it was his duty to comply, shall be liable to a penalty which may extend to fifty thousand rupees.".

Clause 70 seeks to amend section 158 of the Customs Act so as to increase the maximum amount of penalty for contravention of any of the rules from five hundred rupees to fifty thousand rupees, and also to increase the maximum amount of penalty from two hundred rupees to fifty thousand rupees, for contravention of regulations.


Budget 2008 - 2009




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