41. Imposition of penalty in lieu of confiscation

41.    Imposition  of  penalty  in  lieu  of  confiscation.-  When  a  decision  is  taken  for confiscation of any goods under this Act or the Rules, the adjudicating Officer may give the  owner  of  the  goods  an  opportunity  to  redeem  the  goods  paying,  in  lieu  of confiscation,  taxes  payable  on  the  said  goods,  other  Government  dues,  monetary penalty and such amount of fine as the adjudicating officer may deem fit;

Provided that none of the provisions in this section shall be applicable in case of import of any goods banned by or under any law.

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