NEW DELHI: Finance Minister Arun Jaitley on Saturday vowed to make an example of money launderers and tax evaders, saying penalising powers of economic crime-fighting agency ED should be used “expeditiously” in cases of non- compliance.
Speaking at the Enforcement Day here, he called on the agency to “strictly” enforce law to help the exchequer raise legitimate revenue.
He felt that non-compliance of tax laws has always hit the larger public and national interest.
“And that is why the revenue department and the ED have a very important role to play,” he emphasised.
“There is an expectation of compliance and in the event of non-compliance, there is the power of penalising that the ED has. This power has to be expeditiously used whenever violations are detected.”