Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 02/2025-Central Excise (N.T.) dated April 8, 2025, has formally constituted four Interim Boards for Settlement under the powers conferred by Section 31A(1) of the Central Excise Act, 1944. This move aims to expedite the resolution of pending excise-related disputes and provide taxpayers with a faster, more efficient settlement mechanism. Background The reconstitution of settlement mechanisms comes in the wake of
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FAQ :
The CBIC has notified the constitution of four Interim Boards for Settlement.
The purpose is to expedite the resolution of pending excise-related disputes and provide taxpayers with a faster settlement mechanism.
The Interim Boards will be located in Delhi, Kolkata, Mumbai, and Chennai.
They will handle cases admitted by the erstwhile Settlement Commission but remained unresolved due to its closure.
Taxpayers whose central excise matters are pending will have their cases transferred to the appropriate Interim Board based on jurisdiction.
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