The Government is now looking to plug excise revenue leakages via a more rigorous set of deterrent steps and by obtaining third-party information that could be matched against the information on indirect taxes submitted by assessees. The third-party information collection system is proposed to be modelled on the annual information return (AIR) system that has become successful on the direct tax side. The Finance Minister, Mr P. Chidambaram, on May 29 advised the Central Board of Excise and Customs (CBEC) to revisit the existing deterrent measures, stating that they were not deterrent enough. As many as 49 cases have been subject to deterrent measures. The idea is if you take action against one person, found guilty of excise evasion, the deterrent action taken against that assessee must have salutary effect on the assesses of the same product group.
Showing posts with label CBEC. Show all posts
Showing posts with label CBEC. Show all posts
Friday, May 30, 2008
Saturday, April 26, 2008
Centre To Clear Drawback Dues Worth Rs 500 Cr
NEW DELHI: In a month-long drive to honour pending dues, claims of drawback payment worth Rs 500 crore will be examined and cleared in May. These pending claims are the reimbursements made to exporters by the government in lieu of taxes paid on inputs.
Exporters have asked the Central Board of Excise & Customs (CBEC) to honour claims on the basis of proof of shipments made and payments received and not to demand unnecessary documents that lead to delays.
The drawback clearance month is jointly organised by the customs department and the Delhi Exporters Association (DEA). During the month, customs officials dedicatedly worked towards clearing all past claims and making payments.
Exporters, however, say a lot of claims are unduly postponed further when customs officials ask for additional documentary proof of transactions. “Once goods have been shipped and the payments realised, there is no need for Customs to ask for additional documentary proof. Drawback should be given instantly,” said DEA president SP Agarwal.
Mr Agarwal said that CBEC chairman PC Jha agreed to get the issue examined and take appropriate action. Another issue raised by exporters was the absence of a proper mechanism of intimating exporters if their claims were rejected by the Customs for some reason.
“On several occasions, exporters get to know that their claims have been rejected and they are supposed to file supplementary claims only when they enquire about delayed payments.
There is also a risk of the claim lapsing if exporters don’t take action on time,” Mr Agarwal said. DEA has asked CBEC to ensure that intimations of rejections are made in a timely manner.
Exporters have asked the Central Board of Excise & Customs (CBEC) to honour claims on the basis of proof of shipments made and payments received and not to demand unnecessary documents that lead to delays.
The drawback clearance month is jointly organised by the customs department and the Delhi Exporters Association (DEA). During the month, customs officials dedicatedly worked towards clearing all past claims and making payments.
Exporters, however, say a lot of claims are unduly postponed further when customs officials ask for additional documentary proof of transactions. “Once goods have been shipped and the payments realised, there is no need for Customs to ask for additional documentary proof. Drawback should be given instantly,” said DEA president SP Agarwal.
Mr Agarwal said that CBEC chairman PC Jha agreed to get the issue examined and take appropriate action. Another issue raised by exporters was the absence of a proper mechanism of intimating exporters if their claims were rejected by the Customs for some reason.
“On several occasions, exporters get to know that their claims have been rejected and they are supposed to file supplementary claims only when they enquire about delayed payments.
There is also a risk of the claim lapsing if exporters don’t take action on time,” Mr Agarwal said. DEA has asked CBEC to ensure that intimations of rejections are made in a timely manner.
Thursday, February 21, 2008
CBEC Attempts To Accelerate Disposal Of Excise Cases
New Delhi: In an effort to speed up the disposal of pending Central excise cases, the Finance Ministry has brought parity in the adjudication powers of Joint Commissioners with that of Additional Commissioners in all the Central excise commissionerates of the country. The Central Board of Excise and Customs (CBEC) have now improved the monetary limit of adjudication of cases by Joint Commissioners to that of Additional Commissioners. Currently, additional commissioners could adjudicate cases involving duty of up to Rs 50 lakhs. There is shortage of Additional Commissioners. This was leading to delay in the adjudication of cases falling under the monetary limit prescribed for Additional Commissioners.
As on end-December 2007, the number of Central excise cases pending adjudication stood at 14,493 involving an amount of Rs 8,652.12 crore. Meanwhile, the CBEC has now urged the concerned jurisdictional commissioners to redistribute the pending cases among the joint commissioners and submit a report to the Board by March 15, certifying that all the work regarding re-allocation of cases has been finished. This move of the CBEC will certainly reduce the number of pending excise duty related cases.
As on end-December 2007, the number of Central excise cases pending adjudication stood at 14,493 involving an amount of Rs 8,652.12 crore. Meanwhile, the CBEC has now urged the concerned jurisdictional commissioners to redistribute the pending cases among the joint commissioners and submit a report to the Board by March 15, certifying that all the work regarding re-allocation of cases has been finished. This move of the CBEC will certainly reduce the number of pending excise duty related cases.
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