TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Ministry Sets New Appeal Limits: Combine Redemption Fines and Penalties to Meet Monetary Thresholds for Litigation.</h1> The circular from the Ministry of Finance, Department of Revenue, addresses the reduction of government litigation by setting monetary limits for filing appeals in CESTAT, High Courts, and the Supreme Court. It clarifies that both redemption fines and penalties should be considered together when determining if the monetary threshold for appeals is met. Redemption fines, which allow owners to reclaim confiscated goods, differ from penalties imposed for violations of the Customs Act. However, both are treated similarly for litigation purposes. If the combined amount of redemption fines and penalties exceeds the prescribed limit, further legal action is warranted.
TaxTMI 
TaxTMI 
