Indirect Tax Dispute Resolution Scheme, 2016. (IDR Scheme, 2016)

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....eme, 2016) Gist of Scheme: The Government has launched the Indirect Tax Dispute Resolution Scheme-2016 w.e.f 01.06.2016.The Scheme covers the appeals pending before Commissioner (Appeals) as on 01.03.2016 covered under the Central Excise Act, 1944, Chapter V of finance Act, 1994 and the Customs Act, 1962. Under this Scheme the assessee, after paying duty, interest and penalty equivalent to 25% o....

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.... in Form 3, and issue the Form of order of discharge of dues under Section 214 (4) of the Finance Act, 2016 (form 4). On issue of order in Form 4 the declaration under Form 1 shall become conclusive and no matter relating to the said order issued shall be re-opened thereafter in any proceeding under the Act before any Authority or Court. It is clarified that any amount paid in pursuance of a decla....

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....hority in duplicate. Form 2: It is form of Acknowledgement under Section 214(2) of the Finance Act, 2016 Form 3: It is the form of Reporting of payment under Section 214(3) of the Finance Act, 2016. Form 4: Form of order of Discharge of Dues under Section 214(4) of the Finance Act, 2016. End of Scheme: The declaration can be made upto 31.12.2016 only. Designated Authority: Shri K. Ku....