Corporates may be spared the financial hassle of making repetitive annual provisioning for excise and customs duty cases locked up as arrears. The finance ministry is considering dispensing with the procedure of issuing repetitive notices to them.
This is part of a move to simplify the indirect tax regime by the Centre.
The revenue department issues protective demand notices every year on disputed cases of excise or customs duty between the department and companies.
The department takes this step to ensure that the cases are kept alive till they are disposed of. Since the final court of appeal for an indirect tax case is the Supreme Court, the process may take years. But concerned at the impact of such multiplying notices on