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of <h1>Customs Officers Granted Adjudication Powers for Confiscation or Penalty per Notification No. 50/2018, Customs Act, 1962.</h1> The Central Board of Indirect Taxes and Customs has issued Notification No. 50/2018 under the Customs Act, 1962, granting adjudication powers to Customs Officers for confiscation or penalty purposes. The notification specifies that an Assistant Commissioner or Deputy Commissioner of Customs can adjudicate cases involving goods valued above one lakh rupees but not exceeding ten lakhs. A Gazetted Officer of Customs, lower in rank than an Assistant or Deputy Commissioner, can handle cases involving goods valued up to one lakh rupees. This notification is effective from its publication date.
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