CBEC NEEDS OFFICERS IN TAR (TAX AND RECOVERY) LIKE SEBI OFFICERS

He ramachandra keh gaye siyase aisa kalyug aayega

Hansa chugega dana dunka kauva motee khayega

रामचन्द्र जी कह गए सिया से ऐसा कलयुग आयेगा,

... हंस चुगेगा दाना और कौवा मोती खायेगा

Mr. Roy is a household name in India. The Hon’ble Supreme Court has sent him to Tihar jail for not refunding Rs. 24,000 crores to Sahara Group investors. The Supreme Court had ordered continuing detention of Subroto Roy and directed his firm to come up with a plan to repay its investors.

CESA salutes SEBI official Shri Prashant Saran, who had forwarded all his orders to the Enforcement Directorate for tightening the nose.

CESA also salutes SEBI official Shri J Ranganayakulu and Shri U.K. Sinha for their sincere efforts in detecting the irregularities caused by Sahara Group without fear and favour and bringing the perpetuators to justice.

Bombay Zone also needs such bold officers so that the substantial amounts locked up as arrears, free from litigation, will be liquidated. In Mumbai Zone alone (Customs+Excise+Service Tax+LTU) recoverable arrears to the tune of Rs. 9843.51 Crores was pending as on January 2014. Though a separate 6 Tax Arrear Recovery (TAR) units has been created, including one in Mumbai but unfortunately this unit is badly neglected which is evident from the fact that the officers heading these units are either holding this charge in addition to their original charge or are posted to this unit only to accommodate some in the region for reasons best known to the administration. Also, many a times the post of Commissioner (TAR) at Zonal level is kept vacant months together. How CBEC does expects to liquidate such huge amount of arrears without providing proper strength of officers and infrastructure. The present situation of TAR is far from motivating the officers to perform and recover the revenue due to the Government, less said about the accountability.

In all India several crores are pending arrears free from litigation, for which CBEC needs officers like SEBI Officials with same determination to book the offenders and liquidate the arrears with iron hand.

CESA MUMBAI