Customs - Gold Included for Immediate Prosecution
CBEC had issued detailed guidelines for launching of prosecution in relation to offences punishable under Customs Act, vide Circular No. dated 23.10.2015. Now they have decided to amend Para 6 of the Circular to include Gold among items in relation to which prosecution may preferably be launched immediately after issuance of show cause notice.
Accordingly, the Para 6 of the Circular will now read as:
"Stage for launching of prosecution: Normally, prosecution may be launched immediately on completion of adjudication proceedings. However, prosecution in respect of cases involving offences relating to items i.e. Gold, FICN, arms, ammunitions and explosives, antiques, art treasures, wild life items and endangered species of flora and fauna may preferably be launched immediately after issuance of show cause notice".
Why do they use abbreviations in these circulars meant to make life less miserable? Now what does FICN mean? Why can't they write the full form, Fake Indian Currency Note? Saving paper?
CBEC Circular No.46/2016-Customs., Dated: October 04 2016