Arrest threshold revised for central excise and service tax, prosecution now requires substantial evasion before action. The circular sets a consolidated monetary threshold for prosecution and arrest in Central Excise and Service Tax matters: prosecution may be initiated, and arrests effected for specified offences under the Central Excise Act and the Finance Act (Service Tax), only where the evasion of duty or misuse of Cenvat Credit equals or exceeds the revised monetary limit; earlier circulars are amended accordingly and implementation issues may be reported to the Board.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Arrest threshold revised for central excise and service tax, prosecution now requires substantial evasion before action.
The circular sets a consolidated monetary threshold for prosecution and arrest in Central Excise and Service Tax matters: prosecution may be initiated, and arrests effected for specified offences under the Central Excise Act and the Finance Act (Service Tax), only where the evasion of duty or misuse of Cenvat Credit equals or exceeds the revised monetary limit; earlier circulars are amended accordingly and implementation issues may be reported to the Board.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
