You are here: Home » Economy & Policy » News
It's clear a country can't regulate crypto on its own, says Sanjeev Sanyal
Business Standard

Publishing confidential export-import data may now lead you to jail

The FY23 Budget has proposed to introduce section 135AA in the customs act through the Finance Bill for "protection of data".

Topics
Export | exports imports | Budget 2022

Asit Ranjan Mishra & Arup Roychoudhury 



exports
The explanatory memorandum of the Finance Bill, 2022 said the Section 135AA is being inserted in the Customs Act to “protect the import and export data submitted to Customs by importers or exporters in their declarations

The government has proposed to make it a punishable offence with up to six months of imprisonment if details about quantity and value of individual and import items are published by a person.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Sat, February 05 2022. 11:21 IST

RECOMMENDED FOR YOU

.