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of <h1>Settle Tax Disputes with 2016 Scheme: Pay Tax, Interest, 25% Penalty for Immunity; Excludes Serious Offenses. File by Dec 31.</h1> The Indirect Tax Dispute Resolution Scheme, 2016, effective from June 1, 2016, addresses pending appeals under the Central Excise Act, Finance Act, and Customs Act as of March 1, 2016. Taxpayers can settle disputes by paying the tax, interest, and 25% of the penalty, receiving immunity from prosecution. The scheme excludes cases involving search and seizure, pre-June 2016 prosecutions, narcotics, prohibited goods, or offenses under specific laws. Declarations must be filed by December 31, 2016, using designated forms. The scheme is managed by the designated authority in Puducherry, and trade associations are urged to inform their members.
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