In simple words
The Government can change the penalty Schedule by notification, but cannot raise any penalty to more than twice the original amount.
- What this means for you
- Penalty limits can rise, but only up to double.
- What this means for businesses
- Maximum penalties may increase up to twice the original amounts.
- Everyday example
- The two hundred and fifty crore cap could at most become five hundred crore by notification.
Who it applies to
The Central Government.
Related Rules
No specific rule. The text of the Act applies on its own.
Related sections
Official textas notified
Source: MeitY copy of the Gazette (CG-DL-E-12082023-248045), page 19. Printed dashes are shown as colons; the wording is unchanged.
(1) The Central Government may, by notification, amend the Schedule, subject to the restriction that no such notification shall have the effect of increasing any penalty specified therein to more than twice of what was specified in it when this Act was originally enacted.
(2) Any amendment notified under sub-section (1) shall have effect as if enacted in this Act and shall come into force on the date of the notification.