112. Penalty for improper importation of goods, etc .-Any person, -
(a)who, in relation to any goods, does or omits to do any act which act or omission would render
such goods liable to confiscation under section 111, or abets the doing or omission of such an act, or (b)who acquires possession of or is in any way concerned in carrying, removing,
depositing, harbouring, keeping, concealing, se lling or purchasing, or in any other manner dealing with
any goods which he knows or has reason to believe are liable to confiscation under section 111,
shall be liable, - (i)in the case of goods in respect of which any prohibition is in force under this A ct or any other
law for the time being in force, to a penalty 1[not exceeding the value of the goods or five thousand
rupees], whichever is the greater;
2[(ii) in the case of dutiable goods, other than prohibited goods, subject to the provisions of section
114A, to a penalty not exceeding ten per cent. of the duty sought to be evaded or five thousand rupees,
whichever is higher:
Provided that where such duty as determined under sub -section ( 8) of section 28 and the interest
payable thereon under section 28A A is paid within thirty days from the date of communication of the
order of the proper officer determining such duty, the amount of penalty liable to be paid by such person
under this section shall be twenty -five per cent. of the penalty so determined;]
3[(iii) in the case of goods in respect of which the value stated in the entry made under this Act or
in the case of baggage, in the declaration made under section 77 (in either case hereafter in this section
referred to as the declared value) is higher than the value thereof, to a penalty 4[not exceeding the
difference between the declared value and the value thereof or five thousand rupees], whichever is the
greate r; (iv)in the case of goods falling both under clauses ( i) and ( iii), to a penalty 5[not exce eding the
value of the goods or the difference between the declared value and the value thereof or five thousand
rupees], whichever is the highest; (v)in the case of goods falling both under clauses ( ii) and ( iii), to a penalty 6[not exceeding the duty
sought to be evaded on such goods or the difference between the declared value and the value thereof
or five thousand rupees], whichever is the highest.]