Sabka Vishwas (legacy Dispute Resolution) Scheme (Amendment) Rules, 2020

Last updated: 15 May 2020

Save Share

Quick Summary

The Sabka Vishwas (Legacy Dispute Resolution) Scheme has been amended by the Sabka Vishwas (Legacy Dispute Resolution) Scheme (Amendment) Rules, 2020. These new rules, which came into effect upon their publication in the official gazette, introduce updated deadlines for various stages of the scheme. Specifically, amendments have been made to Rule 6 concerning the period for payment of the settlement amount and Rule 7 regarding the issuance of the statement of case.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

Notification No. 01/2020-Central Excise (N.T.)

New Delhi, the 14th May, 2020.

G.S.R (E)- In exercise of the powers conferred by sub-section (1) and (2) of section 132 of the Finance (No.2) Act, 2019 (23 of 2019), the Central Government hereby makes the following rules to amend the Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019, namely:-

1. (i) These rules may be called the Sabka Vishwas (legacy Dispute Resolution) Scheme (Amendment) Rules, 2020.

(ii) They shall come into force from the date of their publication in the official gazette.

2. In the Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019 (hereinafter referred to as the said rules), in rule 6,‑

(i) In sub-rule (2) for the words “within a period of sixty days from the date of receipt of the declaration”, the words, figures and letters “on or before the 31^St day of May,2020″ shall be substituted;

(ii) In sub-rule (3), for the words “within thirty days of the date of receipt of the declaration under sub-rule (1) of rule 3”, the words, figures and letters “on or before the 1^s1day of May, 2020″shall be substituted;

3. In the said rules, in rule 7, for the words “within a period of thirty days from the date of its issue” , the words, figures and letters “on or before the 30^th day of June, 2020″ shall be substituted.

[F.No. 267/50/2020-CX.8]

(Gaurav Singh)
Deputy Secretary to the Government of India.

Note:- The Principal rules were published in the Gazette of India, Extraordinary vide number G.S.R. 588(E),dated the 21^st August, 2019.

FAQ :

These are new rules that amend the original Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019, introducing updated timelines for scheme procedures.

The amendment rules came into force from the date of their publication in the official gazette.

For sub-rule (2) of Rule 6, the payment must be made on or before the 31st day of May, 2020. For sub-rule (3) of Rule 6, the payment must be made on or before the 1st day of May, 2020.

The statement of case shall be issued on or before the 30th day of June, 2020.

The Central Government is empowered by sub-section (1) and (2) of section 132 of the Finance (No.2) Act, 2019.

Notification No : Notification No. 01/2020-Central Excise (N.T.)
Source : https://www.cbic.gov.in/resources//htdocs-cbec/excise/cx-act/notifications/notfns-2020/cx-nt2020/ce-nt01-2020.pdf

150 Views Comment Share Excise Report

Notification posted by

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.

Comments