Customs Act, 1962 — Chapter XIV: Confiscation of Goods and Conveyances and Imposition of Penalties
112. Penalty for improper importation of goods, etc.
Any person who, in relation to any goods, does or omits an act rendering the goods liable to confiscation under section 111, or abets the doing/omission of such act, or acquires possession of/deals with goods he knows or has reason to believe are liable to confiscation, is liable to a penalty: (a) in the case of prohibited goods, not exceeding the value of the goods or five thousand rupees, whichever is greater; (b) in the case of dutiable goods (other than prohibited goods), not exceeding the duty sought to be evaded or five thousand rupees, whichever is greater; (c) in the case of goods for which value is entered incorrectly and the proper officer proceeds under section 111(m), not exceeding the difference between the declared value and the correct value, or five thousand rupees, whichever is greater; (d) in the case of goods falling under both (a) and other categories, the higher of the applicable penalties.
