Section 122
- Document type
- Other
- Reference no.
- 00
- Dated
- Category
- Customs Act, 1962
Adjudication of confiscations and penalties.
SECTION 122.
In every case under this Chapter in which anything is liable to confiscation or any person is liable to a penalty, such confiscation or penalty may be adjudged, -
(a) without limit, by a Commissioner of Customs or a Joint Commissioner of Customs;
(b) where the value of the goods liable to confiscation does not exceed five lakh [OLD two lakh] [OLDfifty thousand] rupees, by an Assistant Commissioner of Customs or Deputy Commissioner of Customs;
(c) where the value of the goods liable to confiscation does not exceed fifty thousand [OLD- ten thousand [OLD two thousand five hundred] rupees, by a Gazetted Officer of Customs lower in rank than an Assistant Commissioner of Customs
(ABOVE CHANGES VIDE THE FINANCE BILL, 2012)
(In clause (b) & (c) bold Words substituted vide Finance Bill 2003)