Monetary limits for adjudging confiscation or penalty by Customs Officers u/s 162

Monetary limits for adjudging confiscation or penalty by Customs Officers u/s 162 of Custom Act 1962 for goods liable to confiscation under Chapter XIV

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)

NOTIFICATION  No. 50/2018-Customs (N.T.)

New Delhi, the 8th June, 2018

G.S.R. 533(E).—In exercise of the powers conferred by Section 122 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby confers power, for the purposes of adjudging confiscation or penalty, on the Customs Officer as mentioned in column (2) of the Table below, in terms of value limit as specified in column (3) of the said Table, in relation to goods which are liable to confiscation under Chapter XIV of the said Act:

TABLE

2. This notification shall come into force on the date of its publication.

[F. No. 450/117/2009-Cus-IV]
ZUBAIR RIAZ, Director (Customs)