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INDIRECT TAX DISPUTE RESOLUTION SCHEME (PART-1)

Budget - By: - Dr. Sanjiv Agarwal - Dated:- 21-5-2016 - Indirect tax Dispute Resolution Scheme, 2016, is a scheme wherein in respect of cases pending before Commissioner (Appeals), the assessee, after paying the duty, interest and penalty equivalent .....

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ied type of cases. Chapter XI (Clause 212 to 218) of Finance Act, 2016 have inserted provision for Indirect Taxes Dispute Resolution Scheme, 2016 w.e.f. 01.06.2016. The said scheme provides for settlement of the disputes pending before the Commission .....

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inance Act, 2016 has inserted a new Chapter XI (section 212 to 218) provide for the Indirect Tax Dispute Resolution Scheme, 2016 (ITDRS). The said Scheme provides for settlement of the disputes pending before the Commissioner (Appeal) as on the 1st M .....

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t apply in the following cases: (a)Cases where prosecution has already been launched or order relates to search or seizure (b) Cases involving narcotics and psychotropic substances (c) Cases involving detention under Conservation ofForeign Exchange & .....

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declarant, designated authority, impugned order, indirect tax dispute, tax etc. 214. Procedure for making declaration. 215. Scheme not to apply in certain cases 216. Immunity from other proceedings under Act 217. Consequences of order made under sche .....

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after 31 December 2016. (2) Applicability The scheme is a applicable to the following taxes / duties - (i) Custom duties under Customs Act, 1962 (ii) Central Excise Duty under Central Excise Act, 1944 (iii) Service Tax under Finance Act, 1994 'T .....

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ficer not below the rank of Assistant Commissioner who has been authorized to Act as Assistant Commissioner by the Commissioner for the Scheme. Declaration can be made in respect of any 'impugned order' which means any order which is under ch .....

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