Customs/Excise/Service Tax - Writing Off of Arrears
CBEC had by Circular No. 946/07/2011 dated 01.06.2011 instructed about the constitution of Committees for writing off of arrears for Customs and Central Excise cases. By a Notification dated 14.12.2012, the President had amended the Delegation of Financial Power Rules, 1978. With this amendment, the authorities competent to write-off the arrears of Central Excise and the Commissioner of Service Tax are also delegated powers to write-off the arrears of Service Tax. Consequently, the constitution of the Committees for examining the proposals for write-off of irrecoverable arrears and recommending deserving cases to the authority competent to order such write-off, also requires modification.
So, the Board has amended the Circular to empower the Committees to write off Service Tax arrears also.
Please also see - 16.06.2011
CBEC Circular No.971/5 /2013, Dated: May 29, 2013