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<h1>New Customs and Excise Settlement Commission Formed to Resolve Disputes Under Central Excise Act, 1944 and Customs Act, 1962.</h1> The Central Government has established the Customs and Central Excise Settlement Commission under the authority of the Central Excise Act, 1944, and the Customs Act, 1962. This Commission is tasked with settling cases related to these acts. It will operate within the Department of Revenue, Ministry of Finance, and is composed of a Chairman, three Vice Chairmen, and eight Members. This formation is intended to facilitate the resolution of disputes and issues arising under the specified chapters of the aforementioned acts.