Tuesday, November 15, 2016

Government Doubles Limit of Excise Duty Evasion for Arrest and Prosecution

The government has doubled the limit of excise duty evasion for arrest and prosecution of accused to R2 crore and also asked officials not to resort to penal provision in cases of technical nature. "It has been decided to revise the monetary limit for arrest and prosecution in Central Excise to maintain uniformity of practice in central excise and service tax," the Central Board of Excise and Customs (CBEC) said in an order. Arrest and prosecution of a person henceforth can be resorted only if the offence relating to evasion of central excise duty or misuse of CENVAT credit is equal to or more than R2 crore, CBEC said. In October 2015, the monetary limit for excise related offences was set at Rs 1 crore.

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