CBIC constitutes Customs, Central Excise and Service Tax Settlement Commission aimed to resolve and settle Show Cause Notices

A recent tweet by CBIC, stated that the Customs, Central Excise & Service Tax Settlement Commission – A Filip to Alternative Dispute Resolution Mechanism for expeditious settlement of Show Cause Notices issued under Customs Act/Central Excise Act/Service Tax:

  • The Competent Authority has constituted Settlement Commission Benches at Delhi, Mumbai, Chennai & Kolkata constituted vide Public Notice No. 01/2022 dated December 13, 2022 (https://settlementcommission-cest.gov.in)
  • Fillip to Alternative Dispute Resolution Mechanism for expeditious settlement of show cause notices issued in cases under Customs Act & Central Excise Act and Finance Act, 1994 (Service Tax)
  • Settlement Commission is empowered to grant immunity from fine, penalty & prosecution, on merit, to noticee and co-noticees

Source from: https://twitter.com/cbic_india/status/1606143942784733185

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