The CBIC vide Circular No. 1071/4/2019-CX.8 dated August 27, 2019 has clarified the importance and benefits of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 [“the Scheme”]. The Circular gives a brief of the reliefs granted under the Scheme along with providing clarification as to various issues in the context of provisions of the Scheme under the Finance (No. 2) Act, 2019. In order to make this Scheme a success, the Circular lists down the actions that are required to be taken on priority. Understanding the potential of the Scheme in liquidating the huge outstanding litigation, the Circular instructs all officers and staff to familiarise themselves with the Scheme and actively ensure its smooth implementation.
To access the complete details, please click here: http://www.cbic.gov.in/resources//htdocs-cbec/excise/cx-circulars/cx-circulars-2019/Circular1071-2019-CX.pdf;jsessionid=79013F00458D8A342E950A63A3EF6A0D