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View Full Version : Govt reduces penalty for customs duty fraud by 10% - Times of India



FraudNews
06-23-2015, 12:10 PM
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Times of India (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEb36q0tFsezP7OmhOSYHreYcODZQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778886479471&ei=x0yJVcidGNi_3gHyhpGABg&url=http://timesofindia.indiatimes.com/business/india-business/Govt-reduces-penalty-for-customs-duty-fraud-by-10/articleshow/47785729.cms)


Govt reduces penalty for customs duty fraud by 10% (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEb36q0tFsezP7OmhOSYHreYcODZQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778886479471&ei=x0yJVcidGNi_3gHyhpGABg&url=http://timesofindia.indiatimes.com/business/india-business/Govt-reduces-penalty-for-customs-duty-fraud-by-10/articleshow/47785729.cms)
Times of India
Section 28 of the Customs Act, 1962, has been amended and now the amount of penalty payable in cases involving fraud, collusion, wilful mis-statement or suppression of facts with the intent to evade payment of duty, shall be fifteen per cent instead of ...

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