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The central board of excise & customs (CBEC) has directed its field officials not to proceed with the recovery of a “confirmed” demand in relation to indirect taxes if the matter has been stayed, providing significant relief to industry.

A confirmed demand of tax arises when, after examining submissions of a tax payer, an order is issued validating the claim made on the assesse.

The central board of excise & customs circular now makes it clear that no recovery action can be taken if the assesse has taken this recourse after making the due deposit.

For more information. You can visit at: Business registration in gurgaon

Read more at: http://economictimes.indiatimes.com/news/economy/finance/no-indirect-tax-recovery-during-pendency-of-stay-cbec-to-officials/articleshow/53071195.cms

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