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Central Board of Excise and Customs revises limit for arrest and prosecution substantially upwards ; In cases of outright smuggling or mis-declaration of baggage, the limits regarding value of offending goods have been revised from ₹ 5 lakh to ₹ 20 lakh among others

Dated:- 24-10-2015 - Persons involved in serious offences of tax evasion are liable for arrest and prosecution under the Central Excise Act, 1994, Finance Act, 1994 dealing with Service Tax and Customs Act, 1962. Central Board of Excise and Customs ( .....

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ast circulars and consolidating them at one place with following objectives. The monetary limits for arrest and prosecution have been revised substantially upwards to ensure that these powers are not used against small and medium businesses. Thus the .....

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nder the Customs Act, the limits have been revised to ₹ 1 crore from ₹ 10 lakh in case of evasion of tax by wrongful availment of exemption or duty drawback. Similar, revisions regarding value of goods have been carried-out regarding appr .....

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