CUSTOMS 1. Legal provisions for recovery of arrears of ... - Taxmann

Rs.10 lakhs subject to a report to the next
higher authority.
(c) Collectors of Customs, (a) Full powers of abandonment
of irrecoverable amounts of fines
and penalties imposed under Excise
Customs Act, 1962 and Gold Control Act,
1968
(b) To write of irrecoverable amounts
of Customs duty upto Rs.10 lakhs subject
to a report to the next higher authority.
(d) Collectors of Central Excise. (a) Full powers of abandonment
of irrecoverable amounts of fines
and penalties imposed under the Central
Excise Act 1944 & Gold Control Act,1968
(b) To write of irrecoverable amounts
of Central Excise duty upto Rs.10 lakhs
subject to a report to the next higher
authority.
A copy of the relevant notification is enclosed for ready reference. All pending cases of
irrecoverable amount of revenue and abandonment of irrecoverable amounts of fines and
penalties may be considered and disposed off accordingly. Cases referred to the Board and
which are still pending are being returned separately to the respective Collectorates for necessary
action.
sd/-
(I.U. KAPUR)
UNDER SECRETARY TO THE GOVT. OF INDIA.
Copy forwarded for information to all Directorates under CBEC and all Officers in CBEC.
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