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

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....rect Tax Dispute Resolution Scheme, 2016. (IDR Scheme, 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 pa....

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....roof, pass an order of discharge of dues referred to 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 cl....

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....r Section 214(1) of the Finance Act, 2016. To be filled and given by declarant to Designated Authority 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....