Amendment in Sec.86

[Admin TMI]

Question - What are proposed amendment in Section 86 in Finance Bill 2015 ?

[Admin TMI]

Section 86 is being amended to prescribe that remedy against the order passed by Commissioner (Appeal), in a matter involving rebate of Service Tax, shall lie in terms of section 35EE of the Central Excise Act. It is also being provided that all appeals filed in Tribunal after the date the Finance Act, 2012 came into effect and pending on the date when the Finance Bill, 2015 receives assent of the President shall be transferred and dealt in accordance with section 35EE of the Central Excise Act.

AI Summary

Remedy against orders in rebate cases to follow central excise appeal procedure; pending tribunal appeals to be transferred accordingly. Remedy against orders passed by the Commissioner (Appeal) in rebate of service tax matters shall lie in terms of section 35EE of the Central Excise Act, and appeals filed in the Tribunal after the Finance Act, 2012 came into effect that are pending when the Finance Bill, 2015 receives assent shall be transferred and dealt with under section 35EE of the Central Excise Act.