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View Full Version : FinMin reduces penalty for customs duty fraud by 10% - Economic Times



FraudNews
06-23-2015, 12:41 PM
FinMin reduces penalty for customs duty fraud by 10% (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGMHhr2kFGsmugt5nSJD8JLd2TTIg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778886479471&ei=9FOJVfjRK5DS3AGpiJnwDA&url=http://economictimes.indiatimes.com/news/economy/policy/finmin-reduces-penalty-for-customs-duty-fraud-by-10/articleshow/47783974.cms)
Economic Times
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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