Above Rs
30 lakh cases of Mis-declaration and Fraud Cases
under Sec 135 of CA 1962 - Rs 30 lakhs Must be Reported to Enforcement Department for PMLA Action
[CBIC Instruction
No.-05/2019-Customs dated 11.12.2019]
Sub:
Reporting of cases warranting action under PMLA
Attention is invited to this office letter of even no.
dated 02.03.2017 vide which it was requested that cases involving action under
Section 135 of Customs Act, 1962, where total value involved is Rs. 30 lakhs or more, may be reported to Enforcement Directorate
(ED) in the prescribed ML-I and ML-II.
2. In order to meet the international Anti-Money
Laundering (AML) obligations and FATF recommendations the Union Government has
brought several legislative changes to streamline the enforcement of PLMA and
to make it more effective. In view of the above, ED has devised new reporting
formats, namely, ML-I & ML-II (copy enclosed).
3. In this regard, formations under your jurisdiction may
kindly be directed to report the requisite cases to ED in the prescribed ML-I
and ML-II formats on a monthly basis under intimation to this office.
Encl:
As above
F.
No.394/51/2009-Commr(Inv.-Cus.)