law: Foreign Trade (Development and Regulation) Act,1992 
  8. Contravention of provisions of this Act, rules, orders
  
  and export and import policy. – 
  (1) No export or import shall be made by any person except in
  
  accordance with the provisions of this Act, the rules and orders made
  
  thereunder and the export and import policy for the time being in force.
  (2) Where any person makes or abets or attempts to make any
  
  export or import in contravention of any provision of this Act or any rules or
  
  orders made thereunder or the export and import policy, he hall be liable to a
  
  penalty not exceeding one thousand rupees of five time the value of the goods in
  
  respect of which any contravention is made or attempted to be made, whichever
  
  is more.
  (3) Where any person, on a notice to him by the Adjudicating
  
  Authority, admits any contravention, the Adjudication Authority may, in such
  
  class or classes of cases and in such manner as may be prescribed, determine ,
  
  by way of settlement , an amount to be paid by that person.
  (4) A penalty imposed under this Act may, if it is not paid, be
  
  recovered as an arrears of land revenue and the Importer – exporter Code Number
  
  of the person concerned, may, on failure to pay the penalty by him, be
  
  suspended by the Adjudicating Authority till the penalty is paid.
  (5) Where any contravention of any provision of this Act or any
  
  rules or orders made thereunder or the export and import policy has been , is
  
  being, or is attempted to be, made, the goods together with any package,
  
  covering or receptacle and any conveyances shall, subject to such requirements
  
  and conditions as may be prescribed, be liable to confiscation by the Adjudicating
  
  Authority.
  (6) The goods or the conveyance confiscated under sub-section
  
  (5) may be released by the Adjudicating Authority, in such manner and subject
  
  to such conditions as may be prescribed, on payment by the person concerned of
  
  the redemption charges equivalent to the market value of the goods or
  
  conveyance, as the case may be.