No Indirect Tax Recovery During Pendency Of Stay

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.  

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