Tax authorities will need to set up a mechanism to “closely supervise” and ensure speedy closure of old cases under the amnesty scheme for traders, where they have defaulted on export obligations, the Central Board of Indirect Taxes and Customs (CBIC) has said.
Principal commissioners and commissioners under the CBIC have been asked to ensure that the exporters approaching for paying duties are registered with the Directorate General of Foreign Trade (DGFT), according to a circular by the tax body.
“These cases under the scheme are monitored and tracked so that there is efficient handling and expeditious closure of these old cases of bona fide default in a seamless manner,” according to the circular.
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