Rekhi Committee

The Government of India constituted the Rekhi committee in 1992 under the Chairmanship of K L Rekhi. The primary motive was to facilitate reforms in the indirect taxation system.

Important Recommendations on Indirect Taxes: A Tribunal should be setup to deal with problems between taxpayers and tax collectors. A high level All India Classification Committee with trade and industry representatives should be set up.

• Import consignments should be cleared within 3 days.
• Monopoly of one nominated bank in each State should be supplemented by another bank. Coercive measures must not be used for recovery of disputed duty amount when the assessee files a stay application.