TaxTMI 
TaxTMI 
CBEC exceeds target in recovering arrears of revenue
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....BEC exceeds target in recovering arrears of revenue <br>News and Press Release<br>Dated:- 13-5-2008<br><BR>The Central Board of Excise & Customs (CBEC) has exceeded its target in recovering arrears of....
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.... revenue fixed for the financial year 2007-08. As against the target of Rs. 3550 crore, the department has collected Rs. 5035 crore, which is 42% higher than the target. CBEC had adopted a Task-Forc....
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....e based approach for recovery of arrears in an effective manner. The Task-Force known as Tax Recovery Cell (TAR) is headed by an officer of the rank of Chief Commissioner and is assisted by nodal offi....
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....cers stationed at six different locations across the country. A well formulated Action Plan implemented in the F.Y 2007-08 included the sensitization of Commissioners/Chief Commissioners by holding re....
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....view meetings at Nodal/Zonal levels, initiating steps for vacation of the stay orders in deserving cases, filing early hearing applications in Courts/CESTAT and regular follow-up of such cases, circul....
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....ation of favourable orders, including those for pre-deposit, passed by CESTAT / Courts for quick recovery of connected arrears, immediate recovery of arrears free from restraints and regular monitorin....
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....g of performance of field formations in arrears collection. Concerted efforts made by TAR in close coordination with the field offices, DGCEI and DGRI has aided in achieving this record realisation.....
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....<BR> News - Press release - PIB....