Rs. 86,000 Crore Indirect Tax Revenue Locked up in Litigation.

Press Information Bureau
Government of India
Ministry of Finance

05-September-2012 18:21 IST

Rs. 86,000 Crore Indirect Tax Revenue Locked up in Litigation

An amount of Rs.86,000 crores indirect tax revenue of Central Board of Excise and Customs has been locked up in litigation.

            Success rate of departmental litigation in Courts and Tribunal during the last four years are as follows:-

            The steps taken to ensure speedy recovery are as follows:

(i)                 Legal action under statutory provisions to recover arrears of revenue from defaulters.

(ii)               Bunching of all cases involving same issue for expediting decision.

(iii)             Filing of early hearing applications in all such cases.

(iv)             Continuous monitoring of recovery of tax arrears by the Board.

             This information was given by the Minister of State for Finance, Shri S.S. Palanimanickam in written reply to a question in Lok  Sabha today.

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