The Central Board of Indirect Taxes and Customs (CBIC) has established a new commission to speed up the resolution of old tax cases. This body, the Customs, Central Excise and Service Tax Settlement Commission, will focus on settling show-cause notices issued under previous indirect tax laws like the Customs Act, Central Excise Act, and Service Tax regime. The initiative aims to provide an alternative dispute resolution mechanism for clearing these long-standing demands.
The Central Board of Indirect Taxes and Customs (CBIC) has constituted Customs, Central Excise and Service Tax Settlement Commission aimed to resolve and settle the show-cause notices issued under the Customs Act, Central Excise Act and Service Tax regime.
The move would bring speedy disposal
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FAQ :
The CBIC has constituted the Customs, Central Excise and Service Tax Settlement Commission.
The commission is aimed at resolving and settling show-cause notices issued under the Customs Act, Central Excise Act, and Service Tax regime.
It will handle pending pre-GST cases where demand has been raised under the old indirect tax regime.
It will bring speedy disposal of these pending cases.
It is considered a fillip to the Alternative Dispute Resolution Mechanism for expeditious settlement of Show Cause Notices.