A penalty charge is required to be paid in respect of each declaration not lodged within 14 days after the importation or exportation of the goods. There are three levels of penalty charges :

1. If the total value of articles stated in a declaration does not exceed HK$20,000 :
   
   
   1. the penalty payable is HK$20 for lodgement within 1 month and 14 days after the importation or exportation;
      
      
   2. HK$40 for lodgement within 2 months and 14 days after the importation or exportation; and
      
      
   3. HK$100 for lodgement after 2 months and 14 days after the importation or exportation.
      
      
2. If the total value of articles stated in a declaration exceeds HK$20,000, the three levels of penalty charges will be double to HK$40, HK$80 and HK$200 respectively.