Settlement of cases - 2001 Rules replaced with 2007 Rules.
The Central Excise (Settlement of Cases) Rules, 2001 and the Customs (Settlement of Cases) Rules, 1999 were superseded and the Central Excise (Settlement of Cases) Rules, 2007 and the Customs (Settlement of Cases) Rules, 2007 were issued in their places.
Now the Rules define ‘Act’, ‘Form’, ‘Section’ and ‘words’.
The new Rules stipulate that the amount of excise duty/ customs duty accepted by the applicant along with interest to be paid by TR-6 Challan in the authorized bank. But isn’t the TR-6 challan on its way out?
The application firms have also been changed and now the applicant is required to give an undertaking
That no proceeding in respect of the case for which settlement is being sought, is pending before Commissioner (Appeal), Customs, Excise and Service Tax Appellate Tribunal or the courts, as the case may be, or has been remanded back to the adjudicating authority by the said appellate authorities.
NOTIFICATION NO. , and , Dated: May 28, 2007