CBEC issues a Circular on recovery of confirmed demands during the pendency of stay application of duty

Central Board of Excise and Customs (CBEC) has issued a circular dated 04.07.2016 on the issue of Recovery of confirmed demand of tax during the pendency of stay application in relation to indirect taxes. Confirmed demand of tax arises, when after examining the submissions of a tax payer, an order is issued confirming demand of tax from a tax payer. The Circular provides that in cases where stay application is pending before Commissioner (Appeals) or CESTAT for periods prior to 06.08.2014, no

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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