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of <h1>Finance Act 2013 raises customs offence threshold to ?50 lakh under Section 135(1)(i)(B),(D), narrowing harsher penalties</h1> Section 78 of the Finance Act, 2013 amends section 135(1)(i)(B) and (D) of the Customs Act by increasing the monetary threshold for certain customs-related offences from thirty lakh rupees to fifty lakh rupees. This change effectively raises the value limit at which specified customs violations, such as evasion or fraudulent activities involving goods, attract the more serious penal consequences under section 135. The amendment narrows the scope of harsher punishment to higher-value offences, thereby altering the threshold for criminal liability and prosecution under the Customs Act.
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