In a bid to recover taxes running into thousands of crores of rupees, the Union Cabinet on Thursday approved an amendment Bill for introduction in Parliament to enable revalidation of show cause notices issued by the Customs authorities after they were held invalid by the Supreme Court on “technical grounds”. The proposed Bill would seek to amend the Customs Act, 1962, so that specified customs officers would be recognised for assessment of import duty with retrospective effect. Following approval of the amendment Bill, to be introduced in the ensuing monsoon session of Parliament next month, the government would then be able to recover customs duty worth several thousands of crores of rupees, Information and Broadcasting Minister Ambika Soni said. “Officers of the Directorate of Revenue Intelligence (DRI) will alone have issued notices involving customs duty to the tune of over Rs.7,500 crore...Also tax evaders will not get benefited at the expense of exchequer on a mere technical ground,” she said.
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