Notification No. 50/2018, Dated 08 june 2018

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 50 /2018-Customs (N.T.)

North Block, New Delhi,
8 th June, 2018

G.S.R. … (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 Officer

Value of goods liable for confiscation

(1)

(2)

(3)

(1)

Assistant Commissioner of Customs or Deputy Commissioner of Customs

Above 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 Customs

Not exceeding rupees one lakh

 

2. This notification shall come into force on the date of its publication.

[F. No. 450/117/2009- Cus IV]

(Zubair Riaz)
Director (Customs)


Seair is proud to have a loyal customer base from big brands.

We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:

Get a free Import-Export data demonstrative report on desired products.

We don’t offer any assistance over buying or selling any products.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Copyright © 2009 - 2024 www.seair.co.in. All Rights Reserved.