Institute of Cost and Works Accountants of India Signs MOU With Central Board of Excise and Customs
THE Cost Accountant members of the Institute of Cost and Works Accountants of India ( ICWAI ) will now be able to set up ACES Certified Filing Centres (CFCs) across the country. A Memorandum of Understanding (MOU) to this effect has been signed between ICWAI and Central Board of Excise & Customs (CBEC). These CFCs would be set up and operated by the Members of ICWAI , who have valid certificate of practice issued by the Institute.
This initiative was taken up by ICWAI to provide services to the taxpayers who may not have requisite IT infrastructure/ resources to use Automation of Central Excise and Service (ACES). These services will also be beneficial to the industry as they will end the necessity to visit the office of CBEC for Registration, Returns, etc.
While reporting the MOU between Institute of Chartered Accountants of India (ICAI) and CBEC, we had in DDT 1332 - 06.04.2010, questioned, “And why are CWAs and CSs excluded from this scheme? Let there be equal opportunity for professionals like CAs , CWAs and CSs .”