(1) Where the master of a conveyance

(a) fails to make a report required under section 17,

(b)  makes a report that contains false particulars, or

(c) omits any particulars required in the report,

the master shall incur a penalty of not less than one thousand penalty units and not more than three thousand penalty units and all goods not duly reported are liable to forfeiture, unless the failure to report or omission is explained to the satisfaction of the Commissioner-General.

(2) If a package reported is not

(a) duly unloaded, removed and deposited in a customs controlled area or any other place approved by the Commissioner-General and entered and cleared from the package in accordance with this Act; or

(b) produced to the proper officer  for deposit or deposited in a State warehouse in accordance with this act,

the master or agent shall pay the duty on the package, in addition to a penalty of three hundred percent of the duty involved unless the master or the agent explains to the satisfaction of the Commissioner-General the failure to deal with the package.

(3) Subsection (2) does not apply to goods kept on board as stores or for re-exportation or with the permission of the Commissioner-General kept on board for direct transfer to another conveyance for use as stores or for re-exportation.