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Revised limit above which arrest and prosecution can now be considered

Dated:- 26-10-2015 - F. No.296/07/2015-CX.9 Govt. of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) New Delhi, the 23rd October, 2015 OFFICE MEMORANDUM Please find enclosed a press release issued by Central Board of Excise and Customs [CBEC] w.r.t. the - . The Press Release is enclosed for taking necessary action at your end. Encls: As above (Manish Mohan Govil) Official Spokesperson [CBEC] Phone No. 011- 2309 3667 Sh. D.S. Malik, ADG (M&C) Ministry of .....

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on 23-10-15 rescinding the past circulars and consolidating them at one place with following objectives. 2. 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. 3. Thus the limits in case of offence of evasion of tax or wrongful utilization of input tax credit in case of Central Excise and Service tax have been revised to 1 Crore from ₹ 25 lakh and ₹ 10 lakh respectively. .....

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