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of <h1>Finance Ministry Clarifies Issuance of Show Cause Notices for Misstatements u/s 28 of Customs Act, 1962.</h1> The circular from the Ministry of Finance addresses the issuance of a Show Cause Notice under the proviso to Section 28 of the Customs Act, 1962, in cases of willful misstatements or suppression of facts by importers, exporters, or their agents. It discusses a situation where an importer misrepresented facts and submitted fabricated documents, prompting consultation with the Law Ministry. The Ministry affirmed that a fresh Show Cause Notice could be issued for an extended period of five years. Authorities are instructed to take necessary actions to protect government revenue based on this guidance.
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