https://www.taxtmi.com/news?id=15277 Revision of prosecution thresholds and guidelines raises monetary limits for arrest, bail and prosecution to focus enforcement on larger evasion cases: Central Excise and Service Tax evasion and wrongful input tax credit use now use a Rs. 1 crore benchmark; customs import mis declaration and fraudulent drawback/exemption cases likewise adopt a Rs. 1 crore threshold. Lower thresholds continue to apply for unauthorised baggage importation and certain smuggling, while no lower limit applies for specified grave contraventions such as counterfeit currency, weapons, explosives, antiques, art treasures and endangered species. en-us Sat, 05 Dec 2015 15:57:35 +0530 Sat, 05 Dec 2015 15:57:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15277 Revision of prosecution thresholds and guidelines raises monetary limits for arrest, bail and prosecution to focus enforcement on larger evasion cases: Central Excise and Service Tax evasion and wrongful input tax credit use now use a Rs. 1 crore benchmark; customs import mis declaration and fraudulent drawback/exemption cases likewise adopt a Rs. 1 crore threshold. Lower thresholds continue to apply for unauthorised baggage importation and certain smuggling, while no lower limit applies for specified grave contraventions such as counterfeit currency, weapons, explosives, antiques, art treasures and endangered species. News - Sat, 05 Dec 2015 15:57:35 +0530 https://www.taxtmi.com/news?id=15277