NOTIFICATION No 50/2018 Customs (N.T.) : Monetary limits for adjudging confiscation or penalty by Customs Officers

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(Last Updated On: June 9, 2018)

NOTIFICATION No 50/2018 Customs (N.T.)

Summary of NOTIFICATION No 50/2018 Customs (N.T.)

Monetary limits for adjudging confiscation or penalty by Customs Officers u/s 162 of Custom Act 1962 for goods liable to confiscation under Chapter XIV

NOTIFICATION No 50/2018 Customs (N.T.)

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)

NOTIFICATION  No. 50/2018-Customs (N.T.)

New Delhi, the 8th June, 2018

G.S.R. 533(E).—In exercise of the powers conferred by Section 122 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby confers power, for the purposes of adjudging confiscation or penalty, on the Customs Officer as mentioned in column (2) of the Table below, in terms of value limit as specified in column (3) of the said Table, in relation to goods which are liable to confiscation under Chapter XIV of the said Act:

TABLE

Sl. No.Customs OfficerValue of goods liable for confiscation
(1)(2)(3)
1.Assistant Commissioner of Customs or Deputy Commissioner of CustomsAbove rupees one lakh but not exceeding rupees ten lakhs
2.A Gazetted Officer of Customs lower in rank than an Assistant Commissioner of Customs or Deputy Commissioner of CustomsNot exceeding rupees one lakh
  1. This notification shall come into force on the date of its publication.

[F. No. 450/117/2009-Cus-IV]
ZUBAIR RIAZ, Director (Customs)

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Circular No 16 /2018 Customs Dated 08.06.2018 : Adjudication Power for confiscation under Custom for value above Rs 10 Lakh

 

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