Constitution of Committee to scrutinize / accept Declarations filed by the assessee under the provisions of Section 11 A(2) of the Central Excise Act, 1944 OR Section 11 A(7) (i) of the Central Excise Act, 1944 OR Section 73(3) of the Finance Act, 1994 OR Section 73 (4A) of the Finance Act, 1994

Committee Formed to Review Declarations Under Central Excise and Finance Acts; Evaluates Waiving Notices Based on Criteria.

A committee has been established to review and accept declarations filed by assessees under specific sections of the Central Excise Act, 1944, and the Finance Act, 1994. This committee, led by the Commissioner of Central Excise, Customs, and Service Tax in Rajkot, includes additional commissioners and divisional officers. It determines whether to waive demand notices for payments of duty, tax, interest, and penalties. The committee's decisions are based on criteria such as the reasonableness of non-payment, full payment of dues, and the presence of fraud. Cases are categorized based on monetary limits, with different approval levels for amounts up to Rs. 50 lakhs.