Fin Min

Fin Min reduces penalty for customs duty fraud by 10% New Delhi: The penalty in cases of customs duty fraud has been reduced by 10 per cent by the Finance Ministry. 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 … [Read more...] about Finance Ministry reduces penalty for customs duty fraud by 10%