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of <h1>Finance Ministry Circular: Committees to Write Off Irrecoverable Central Excise, Service Tax & Customs Duty Arrears.</h1> The circular from the Ministry of Finance addresses the writing off of arrears related to Central Excise, Service Tax, and Customs duty. It establishes committees composed of Chief Commissioners and Commissioners to evaluate and recommend cases for writing off irrecoverable arrears. Due to logistical challenges in committee participation, the circular proposes replacing certain members with other available officers. The committees have the authority to abandon fines and penalties and write off duties up to specified limits. It clarifies that writing off the principal duty or tax will automatically include the associated interest. Field formations are instructed to implement these guidelines.
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