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Part 12 · Miscellaneous

42. Penalty

Any person who is guilty of an offence under these Regulations shall be liable —

(a)

in respect of a first offence — to a fine not exceeding $100,000 or (as applicable) 3 times the value of the goods to which the offence relates, whichever is greater, or to imprisonment for a term not exceeding 2 years or to both; and

(b)

in respect of a second or subsequent offence — to a fine not exceeding $200,000 or (as applicable) 4 times the value of the goods to which the offence relates, whichever is greater, or to imprisonment for a term not exceeding 3 years or to both.

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