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The phrase "penalties levied" is correct and can be used in written English.
You can use it when referring to a punishment or fine imposed by a governing body. For example, "The government imposed harsh penalties levied on business owners who failed to comply with safety regulations."
Exact(54)
Are penalties levied for violations?
And new penalties levied on strategic defaulters by Fannie Mae could further curb the practice.
"So any penalties levied on NR should be in the form of tangible improvements that customers benefit from.
At $413 million, it's one of the biggest criminal penalties levied on a United States hedge fund.
Companies that send out letters with fraudulent or misleading information could face civil penalties levied by the Federal Trade Commission.
The penalties levied on corporate miscreants never seemed to come out of their own pockets, instead that burden landed on taxpayers or investors.
Similar(6)
It stiffens a range of penalties, levying a $50 fine for "intentional disturbance of road traffic" and a sentence of up to seven years for officials who fail to prevent a fatal accident.
It was the largest-ever penalty levied by Ofgem.
It is the biggest-ever penalty levied against a company in America.
It is by far the biggest penalty levied on a single company.
It was the first civil penalty levied under the HIPAA law.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com