Deterrent provisions against tax evaders

Kochi, Jan 16 (UNI) The Centre has introduced new provisions in the Central Excise Rules and Cenvat Credit Rules to deal with non-compliance of tax laws.

In a release here today, Commissioner of Central Excise, Customs and Service Tax, Mr M Vinod Kumar, said the problem of planned and deliberate non-compliance of tax laws would be dealt with new rule 12CC in the Central Excise Rules and rule 12AA in the Cenvat Credit Rules of 2004.

According to the new provisons, any manufacturer or registered dealer or exporter found to have violated the provisions would have to pay duty on each consignment before its clearance from their factory as the facility of monthly payment of duty would be withdrawn, he said.

UNI