FROM time to time,
representations are received from Chambers of Commerce or Industry Associations
on tax-related issues and tax-related disputes that concern the industry as a
whole or concern large sections of the industry. They have represented that
there must be a forum at which they can be heard so that their point of view is
placed before the Government for its consideration.
The request is found
very reasonable. Exchange of views between industry groups and Government on tax
related issues or tax related disputes would give an opportunity to Government
to hear the arguments of the industry groups. It will also give the Government
an opportunity to explain its stand on tax related matters. Thus this exercise
would be mutually beneficial.
Accordingly, the Ministry of Finance has
decided to constitute a forum that will meet every Wednesday at 3 p.m. It will
be chaired by Dr. Parthasarathi Shome, Adviser to the Finance Minister. He will
be supported by officers of the Tax Policy and Legislation (TPL) wing of the
Central Board of Direct Taxes (CBDT) and the Tax Research Unit (TRU) of the
Central Board of Excise and Customs (CBEC). Chambers of Commerce,
industry associations and industry groups are advised to first submit a
memorandum to Dr Parthasarathi Shome and then seek an appointment. An
appointment will be fixed for them on a suitable Wednesday. They will be given a
hearing by Dr. Parthasarathi Shome and the officers assisting him.
The
first meeting of the forum will be held on August 7, 2013 and it will be held
thereafter on every Wednesday.
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