The Instruction No. 06/2024-Customs issued by CBIC addresses the ...

CBIC Issues Guidelines to Boost Vigilance Against Illicit Goods and Cash Flow During Elections.

March 27, 2024

Circulars Customs

The Instruction No. 06/2024-Customs issued by CBIC addresses the need to enhance preventive vigilance during elections. It emphasizes coordination among law enforcement agencies to curb the flow of suspicious cash, illicit goods, and other malpractices. The document outlines a detailed SOP for CBIC formations, emphasizing roles and responsibilities, focus areas for vigilance, data analysis, and reporting. Specific measures are highlighted to enhance vigilance, including increased monitoring along borders and airports, random audits, and currency declaration checks. The instructions aim to uphold the integrity of elections and ensure compliance with procedures to prevent misuse and malpractices.

View Source

← Previous Next →

The Instruction No. 06/2024-Customs issued by CBIC addresses the ...

CBIC Issues Guidelines to Boost Vigilance Against Illicit Goods and Cash Flow During Elections.

March 27, 2024

Circulars Customs

You may also like:

Cash deposits made during demonetization period from cash withdrawals and rental income received in cash were substantiated through cash flow statements and bank...

Addition u/s 68 or 56(2) - Unexplained cash credit u/s 68 - share transactions - the valuation aspect of the shares is made on the Discounted cash flow method (DCF) and...

The High Court addressed the issue of violation of Right to Privacy and Human Rights in the context of guidelines for issuing summons. It emphasized the need for...

Supply of goods or not - transport of money by cash-carry vans - goods or not - levy of GST - the compliance of the guidelines issued by the RBI will not detract the...

Fully electronic refund process through FORM GST RFD-01 and single disbursement - CBIC clarifies various issues

Deemed adoption of certain Circulars issued by CBIC in the state of Maharashtra

Seizure of cash in election - seizure itself was without sanction of law which is apparent from the fact that no F.I.R. or complaint was instituted - The illegality is...

Addition u/s 56 - Issue of shares at premium - The ITAT recognizes that the holding company's value is directly impacted by the performance of its subsidiary and...

Statutory Auditors’ Responsibilities in relation to Fraud in a Company - NAFRA issued certain guidelines.

Guideline Issued by The Institute of Chartered Accountants of India - Notification

CBEC issues General guidelines for implementation of e-payment of refund/ rebate

Addition of deposits found in bank statement u/s 68 - cash flow statement - adequate cash flow was available for deposits in the bank account. Hence, the assessee...

Oppression and mismanagement - conduct of due election of the Board of Directors - Lame excuses to conduct the election cannot be accepted for not conducting the...

Unexplained investments - assessee had declared income u/s 44AD - AO has not considered the opening cash and bank balances and only the profits declared is considered as...

The ITAT Bangalore addressed unexplained cash deposits u/s 69A, focusing on the credibility of earlier withdrawals as a source for redeposits. The Tribunal examined fund...

Quick Updates: