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Jan 21, 2021
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Govt considering a customs amnesty scheme to resolve legacy disputes
The government is considering the launch of a one-time amnesty plan for the resolution of legacy disputes pertaining to customs duty after the success of two initiatives taken in the previous two budgets -- Sabka Vishwas for settlement of excise and service tax cases, and Vivad se Vishwas for income-tax issues, two people aware of the matter said on condition of anonymity.
Industry has been demanding that they be given a chance to resolve past disputes related to customs in line with the two schemes. The government is actively considering the demand, the people cited above added. The government and businesses are embroiled in legacy disputes such as customs classification, disagreement over valuation and rules of origin issues, they added.
“Previous dispute resolution schemes have been highly successful. They helped people, especially small businesses, immensely in getting rid of their past baggage of disputes and move ahead with a clear slate. A similar scheme is expected, possibly in this budget,” one of the officials said.
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