NO ENACTMENT OF MORE LAWS TO DEAL WITH ECONOMIC OFFENCES

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A number of provisions exist under various laws to deal with economic offences. However, review of laws is a continuous process and Government takes, from time to time, adequate steps to deal with any situation. Tribunals, namely, Income Tax Appellate Tribunal, Appellate Tribunal for Forfeited Property and Customs, Excise and Gold (Control) Appellate Tribunal already exist for dealing with economic offences.

This information was given by the Union Minister of Law, Justice and Company Affairs, Shri Arun Jaitley in a written reply to a question from S/Shri Y.G. Mahajan and Aditya Nath Yogi in the Lok Sabha today.