CBEC exceeds target in recovering arrears of revenue

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..... CBEC exceeds target in recovering arrears of revenue
News and Press Release
Dated:- 13-5-2008

The Central Board of Excise & Customs (CBEC) has exceeded its target in recovering arrears o .....

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..... f 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-For .....

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..... ce 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 off .....

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..... icers 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 r .....

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..... eview 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, circu .....

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..... lation 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 monitori .....

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..... ng 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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News - Press release - PIB .....

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