• Section 122 - Penalty for certain offences
• Section 123 - Penalty for failure to furnish information return
• Section 124 - Fine for failure to furnish statistics
• Section 125 - General penalty
• Section 126 - General disciplines related to penalty
• Section 127 - Power to impose penalty in certain cases
• Section 128 - Power to waive penalty or fee or both
• Section 129 - Detention, seizure and release of goods and conveyances in transit
• Section 130 - Confiscation of goods or conveyances and levy of penalty
• Section 131 - Confiscation or penalty not to interfere with other punishments
• Section 132 - Punishment for certain offences
• Section 133 - Liability of officers and certain other persons
• Section 134 - Cognizance of offences
• Section 135 - Presumption of culpable mental state
• Section 136 - Relevancy of statements under certain circumstances
• Section 137 - Offences by companies
• Section 138 - Compounding of offences
• Section 122A Penalty for failure to register certain machines used in manufacture of goods as per special procedure
• Section 128A. Waiver of interest or penalty or both relating to demands raised under section 73, for certain tax periods