Law · Excise Law
Under Section 60-1 of the Excise Act, what is the mandatory minimum fine prescribed for unlawful acts such as the illegal import, transport, or possession of liquor?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Not less than 5 times the duty or ₹1,000
- 2Not less than 10 times the duty or ₹2,000, whichever is greater✓
- 3A flat fine of ₹5,000 regardless of duty
- 4Not less than 20 times the duty or ₹10,000
Correct answer
Not less than 10 times the duty or ₹2,000, whichever is greater
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