CBIC Notifies Additional New Acts Eligible for SVLDRS Scheme 2019

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Sabka Vishwas Legacy Dispute Resolution Scheme 2019 (“SVLDRS Scheme, 2019”) is originally applicable to more than 26 enactments including to the Central Excise Act, 1944 or the Central Excise Tariff Act, 1985 or Chapter V of the Finance Act, 1994, etc.

However, the Central Government reserved the power to notify other acts for inclusion of other indirect tax levies under SVLDRS Scheme, 2019 under section 122(c) of the Finance Act (No.2), 2019 by issuing a notification in the official gazette.

The Central Board of Indirect Taxes and Customs (“CBIC”) vide Notification No. 06/2019 – Central Excise (N.T.) dated December 4th, 2019 has recently notified 8 new acts on which SVLDRS Scheme, 2019 shall be applicable and willing taxpayers can avail benefit of the same:

  • Cine-Workers Welfare Cess Act, 1981(30 of 1981);
  • Industries (Development and Regulation) Act, 1951 (65 of 1951);
  • Sugar Export Promotion Act, 1958 (30 of 1958);
  • Sugar (Regulation of Production) Act, 1961 (55 of 1961);
  • Tea Act, 1953 (29 of 1953);
  • Finance Act, 2001 (14 of 2001);
  • Finance Act, 2005 (18 of 2005);
  • Finance Act, 2010 (14 of 2010).

Read more at: http://www.cbic.gov.in/resources//htdocs-cbec/excise/cx-act/notifications/notfns-2019/cx-nt2019/ce-nt06-2019.pdf

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