Cbec revised limits to arrest upto rs. 1 crore


 

Central Board of Excise & Customs vide its circular Circular No. 1010/17/2015-CX dated 23-10-2015 (F.No. 96/54/2014-CX.1) has clarified that Prosecution can now be launched where evasion of Central Excise duty or Service Tax or misuse of Cenvat Credit in relation to offences specified under sub-section (1) of Section 9 of the Central Excise Act, 1944 or sub-section (1) of section 89 of the Finance Act, 1994 is Rupees One Crore or More.

 

Circular No. 1010/17/2015-CX dated 23-10-2015
 

 
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It is a step in the right direction as the demands nowadays even in respect of small assessees touches Rs.50 lakhs or above. We only hope that sufficient safeguards are put in place to avoid harrassment or persecution in the name of prosecution.

 
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