Regarding ​Indirect Tax Dispute Resolution ​S​cheme 2016 launched by Govt of India


Regarding ​Indirect Tax Dispute Resolution ​S​cheme  2016 launched by Govt of India
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Saturday, July 9, 2016
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Dear all,

Your association is enclosing herewith the Trade Notice No. 01/2016, dated: 2306.2016 issued by Office of the Principal Commissioner of Central Excise, Customs and Service Tax, Silvassa Commissionerate, Vapi in respect of the Indirect Tax Dispute resolution scheme 2016 launched by the government w.e.f 1st June 2016. The Gist of the scheme is that covers the appeals pending before Commissioner (Appeals) as on 01.03.2016 covered under the Central Excise Act, 1944, Chapter V of Finance Act, 1994 and the Customs Act, 1962. Under this Scheme the assessee, after paying duty, interest and penalty equivalent to 25% of duty can file a declaration. In such cases the proceedings against the assessee will be closed and he will get immunity under prosecution.

In the attachment of the trade notice - 01/2016 , procedure, the format of various declarations, various forms to be attached are also annexed. So the assessee who want to take the benefit  of the scheme can go to the trade notice attached herewith and file the declaration before the designated authority. The declaration under the scheme can be made up to 31st January 2016 which is last date for filing the declaration.

For further details of the scheme, please go through the attached notice.

This is for your information.

Thanking you,
With regards,

For Silvassa Industries & Manufacturers Association

Narendra Trivedi
Secretary


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