Aug 18, 2022
The Central Board of Indirect Taxes and Customs
(CBIC) on Wednesday increased the threshold monetary limit for prosecution and
arrest for customs violations. In baggage and outright smuggling cases, the
threshold market value of goods or foreign currency has been increased from
over Rs 20 lakh to over Rs 50 lakh for legal action. In the case of commercial
frauds, the threshold value of offending goods has been enhanced to Rs 2 crore
from Rs 50 lakh.