The Central Board of Indirect Taxes and Customs (CBIC) has constituted Customs, Central Excise and Service Tax Settlement Commission for resolving and settling the show-cause notices issued under the Customs Act, Central Excise Act and Service Tax regime.
The move is expected to bring speedy disposal of cases where demand has been raised under the old indirect tax regime. The CBIC tweeted “Customs, Central Excise & Service Tax Settlement Commission-A Filip to Alternative Dispute Resolution Mechanism for expeditious settlement of Show Cause Notices issued under Customs Act/Central Excise Act/Service Tax".