The object behind the setting up the Settlement Commission (hereinafter referred as the Commission) is to create a channel whereby disputes pertaining to Customs Duty, Central Excise Duty & Service Tax can be settled expeditiously and in a spirit of conciliation rather than prolonging them through adversarial attitude. The Commission is not designed to provide an escape route for tax evaders. It is, infact, designed to provide a balanced resolution of tax disputes with a view to avoid lengthy litigation which helps neither the department nor the member of the Trade and Industry. In the proceedings before the Commission, there are no adversaries but only parties to the Settlement. Any assessee can make an application in such form and in such manner as may be prescribed by the Commission and containing “Full & True” disclosure of his duty liability which has not been disclosed before the proper officer having jurisdiction, the manner in which such liability has been derived, the additional amount of Customs or Excise Duty or Service Tax accepted to be payable by him as also the particulars of excisable goods or import or export goods or taxable services in respect of which he admits short levy.
Presently there is no provision for settlement of cases pertaining to GST matters.
The following category of cases are excluded from the purview of the Settlement Commission