The move comes against the backdrop of lower than budgeted collections of excise and customs duties
Failure to pay excise duty and service tax could lead to arrest of defaulters, as per the provisions proposed in the Finance Bill 2013 by Finance Minister P Chidambaram in the Lok Sabha last week.
As per the provisions, offences relating to excise and customs duty evasion of over Rs50 lakh would be made cognisable and non-bailable.
Similarly in case of service tax, the failure to deposit the tax amount exceeding Rs50 lakh with the government would result in imprisonment up to seven years.
The Finance Bill has proposed to introduce Section 91 to provide for power to arrest a person for specified offences, particularly non-payment of collected service tax, by an officer not below the rank of Superintendent of Central Excise.
It has also proposed to make at least four offences non-bailable under Section 135 of the Customs Act.
This would include import or export of any goods which have not been declared in accordance with the provisions of this Act and the market price of which exceeds Rs1 crore.
Also, if a person fraudulently attempts to avail of drawback or any exemption from duty provided under Customs Act, if the amount of drawback or exemption from duty exceeds Rs50 lakh, it would be a non-bailable offence.
The move comes against the backdrop of lower than budgeted collections of excise and customs duties. As per the Budget papers, customs collection during 2012-13 is estimated at Rs1.65 lakh crore, as against the target of Rs1.87 lakh crore.
In the case of excise duty the realisation is likely to be Rs1.72 lakh crore, compared to the target of Rs1.94 lakh crore.
However, on the positive side, the service tax collection is estimated to be Rs1.33 lakh crore, as against the budget estimate of Rs1.24 lakh crore.
The incident came on the second day of the 48-hour strike called by fundamentalist Jamaat-e-Islami party against the sentencing of three of its top leaders in 1971 war crimes cases
A low-intensity crude bomb was hurled today outside the Sonargaon Pan-Pacific hotel in Dhaka where Indian president Pranab Mukherjee is staying.
No one was injured in the blast which took place around 2.00 pm, said Apoorva Hassan, the officer in-charge of Tejgaon police station.
Two persons came on a motorcycle and hurled the bomb wrapped in a cap near the SAARC fountain, about 50 yards away from the hotel at a street intersection, he said.
The two managed to escape and no one was arrested in this connection, he added.
Security around the hotel has been further strengthened after the attack.
It was not immediately whether the president, on a three-day state visit to Bangladesh, was inside the hotel or not.
The incident came on the second day of the 48-hour strike called by fundamentalist Jamaat-e-Islami party against the sentencing of three of its top leaders in 1971 war crimes cases.
None of the delegation members heard any explosion nor knew of any such incident, President's Press Secretary says.
The president this morning addressed 10,000 students in an open air pandal in the Dhaka University to great acclamation from the students.
He was awarded an honorary doctorate by the president of Bangladesh who is also chancellor of the University at the function.
Mukherjee is looking forward to meeting other dignitaries this afternoon and the president of Bangladesh once again this evening.
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