CBIC extends Time Limit for Central Excise, Service Tax, and Customs till Dec 31, 2020
October, 01st 2020
The Central Board of Indirect Taxes and Customs (CBIC) notified the extension of the time limit for Central Excise, Service Tax, and Customs till December 31, 2020.
The Board empowered under section 6 of the Taxation and Other Laws (Relaxation and amendment of Certain Provisions) Act, 2020, specified that the 30 December, 2020 shall be the end date of the period during which the time limit specified in, or prescribed or notified under the Central Excise Act, 1944, the Customs Act, 1962, the Customs Tariff Act. 1975 or Chapter V of the Finance Act, 1994 falls for the completion or compliance of such action as specified under clause (a) or (b) of section 6.
However the extension will not be applicable to sections 30, 30A. 41. 41A, 46 and 47.
Section 6 deals with the relaxation of time limit under the Central Excise Act, 1944, Customs Act,1962, Customs Tariff Act, 1975, and Finance Act, 1994.
“The 31st day of December, 2020 shall be the end date to which the time limit for completion or compliance of such action shall stand extended,” the board notified.