Centre raises thresholds for prosecution under Customs Act
The government has raised the thresholds for prosecutions and arrests under the Customs Act to âš50 lakh from âš20 lakh for smuggling and illegal imports of goods in baggage, and from âš1 crore to âš2 crore for cases involving commercial fraud. What is Custom Duty? Customs duty refers to the tax imposed on goods when… Continue reading Centre raises thresholds for prosecution under Customs Act

