PENALTY FOR ATTEMPT TO EXPORT GOODS IMPROPERLY, ETC. Any person who, in relation to any goods, does or omits to do any
i) in the case of goods in respect of which any prohibition is in force under this Act or any other law for the time being in force, to a penalty not exceeding five times the value of the goods or one thousand rupees, whichever is the greater; (ii) in the case of dutiable goods, other than prohibited goods, to a penalty not exceeding five time the duty sought to be evaded on such goods or one thousand rupees, whichever is the greater; (iii) in the case of goods under claim for drawback, to a penalty not exceeding five times the amount of drawback claimed or one thousand rupees, whichever is the greater. 120[114A. Penalty for short-levy or non-levy of duty in certain cases Where the duty has not been levied or has been short-levied or the interest has not been charged or paid or has been part paid or the duty or the interest has been erroneously refunded by reason of collusion or any wilful misstatement or suppression of facts, the person who is liable to pay the duty or interest, as the case may be, as determined under sub-section (2) of section 28 shall, notwithstanding anything contained in section 112 or section 114, also be liable to pay a penalty equal to the duty or interest so determined: PROVIDED that where the duty or interest determined to be payable is reduced or increased by the Commissioner (Appeals), the Appellate Tribunal or, as the case may be, the court, then, for the purposes of this section, the duty or interest as reduced or increased; as the case may be shall be taken into account.]