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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 Boar .....

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Finance. North Block, New Delhi. PRESS NOTE 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 .....

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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 .....

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4. In case of evasion of tax under the Customs Act, the limits have been revised to ₹ 1 Crore from ₹ 10 lakh in case of evasion of tax by wrongful avialment of exemption or duty drawback. Similar, revisions regarding value of goods have b .....

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