CBEC surpasses arrears recovery target by 42%
The Central Board of Excise & Customs (CBEC) has exceeded its target in recovering arrears of revenue fixed for FY08. As against the target of Rs 3,550 crore, the department has collected Rs 5,035 crore, which is 42% higher than the target.
By TNN |
NEW DELHI: The Central Board of Excise & Customs (CBEC) has exceeded its target in recovering arrears of revenue fixed for FY08. As against the target of Rs 3,550 crore, the department has collected Rs 5,035 crore, which is 42% higher than the target. The board had adopted a taskforce-based approach for recovery of arrears in an effective manner. The taskforce known as Tax Recovery Cell (TAR) is headed by an officer of the rank of chief commissioner and is assisted by nodal officers stationed at six different locations across the country.
An action plan implemented in FY08 included the sensitisation of commissioners / chief commissioners by holding review meetings at nodal / zonal levels, initiating steps for vacation of the stay orders in deserving cases, filing early hearing applications in courts / CESTAT, besides regular follow-up of such cases.
The taskforce also ensured circulation of favourable orders, including those for pre-deposit, passed by CESTAT or courts for quick recovery of connected arrears and regular monitoring of performance of field formations in arrears collection, an official statement said.
An action plan implemented in FY08 included the sensitisation of commissioners / chief commissioners by holding review meetings at nodal / zonal levels, initiating steps for vacation of the stay orders in deserving cases, filing early hearing applications in courts / CESTAT, besides regular follow-up of such cases.
The taskforce also ensured circulation of favourable orders, including those for pre-deposit, passed by CESTAT or courts for quick recovery of connected arrears and regular monitoring of performance of field formations in arrears collection, an official statement said.
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