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

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..... Rs. 86,000 Crore Indirect Tax Revenue Locked up in Litigation.
News and Press Release
Dated:- 5-9-2012

Press Information Bureau Government of India Ministry of Finance 05-September- .....

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..... 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 litigatio .....

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..... n. Success rate of departmental litigation in Courts and Tribunal during the last four years are as follows:- Year Supreme Court High Court CESTAT 2008-09 9.81% 29.6% 10.0% 2009-10 7.85% .....

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..... 35.10% 18.2% 2010-11 5.5% 27.8% 17.2% 2011-12 10.64% 29.85% 19.7% The steps taken to ensure speedy recovery are as follows: (i) Legal action under statutory provisions to recover arrears o .....

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..... f 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 recov .....

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..... ery 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. * * * DSM/RS/Hb
Ne .....

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..... ws - Press release - PIB .....

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