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

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 https://www.taxtmi.com/circulars?id=61438 The Standing Order sets out that voluntary payment of duty/service tax with interest and prescribed penalty, accompanied by a written declaration, may preclude issuance of a demand notice under the specified Central Excise and Finance Act provisions, subject to departmental scrutiny. A constituted Committee and tiered officer-level delegation review declarations according to monetary thresholds and Audit Monitoring referrals. Acceptance requires verification of full payment, absence of willful suppression, and consideration of factors such as novelty of levy, prior penalties, industry practice and legal disputability; a mandatory checklist and register support processing and decisions. en-us Tue, 29 Oct 2013 00:00:00 +0530 Tue, 11 Jun 2019 14:43:00 +0530 TaxTMI RSS Generator 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 https://www.taxtmi.com/circulars?id=61438 The Standing Order sets out that voluntary payment of duty/service tax with interest and prescribed penalty, accompanied by a written declaration, may preclude issuance of a demand notice under the specified Central Excise and Finance Act provisions, subject to departmental scrutiny. A constituted Committee and tiered officer-level delegation review declarations according to monetary thresholds and Audit Monitoring referrals. Acceptance requires verification of full payment, absence of willful suppression, and consideration of factors such as novelty of levy, prior penalties, industry practice and legal disputability; a mandatory checklist and register support processing and decisions. Circulars Central Excise Tue, 29 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61438