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TMI BlogCreation of a Large Taxpayer Unit (LTU) & Function and Powers of Chief Commissioner, LTU-reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... ntral Excise All Director Generals All Commissioners of Customs and Central Excise All Commissioners of Customs and Central Excise (Appeals), [email protected] Subject: Creation of a Large Taxpayer Unit (LTU) & Function and Powers of Chief Commissioner, LTU-reg. Sir/Madam, The Finance Minister in his Budget Speech 2005-06 announced the proposal to set up Large Taxpayer Units ( hereina ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... office that would deal with central excise/service tax/ income tax/ corporate tax issues of all units holding a single PAN. All aspects of business in relation to Central Excise and Service Tax assessees such as filing of returns, scrutiny of returns, audit, giving various permissions, etc., shall be carried out by LTU for all the constituent units of a large taxpayer through out the country 3. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... formations in the matters such as audit verification, revenue recoveries, etc. 4. There will be Commissioners posted in LTU, who would be holding executive and appellate charges. The powers and duties would be similar to that of other field commissioners. However, they are required to play a pro-active role in ensuring the fulfilment of objectives of a LTU. The Commissioners of Direct and Indirec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... poses as warehousing, sealing or any other work as assigned by the LTU. 6. The notifications prescribing jurisdiction and procedure regarding the functioning of the LTU have been issued on 30.09.2006 7. This issues with the approval of the Chairman, Central Board of Excise and Customs. 8. Receipt of the Circular may be acknowledged. 9. Hindi version will follow. (Rahul Nangare) Under Secre ..... X X X X Extracts X X X X X X X X Extracts X X X X
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