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CMA Final · Indirect Tax Laws and Practice · Anti-profiteering

The Director General of Anti-profiteering receives a reference from the Standing Committee on 1 February. Under the Rules, by when must the investigation be completed without any extension, and what is the maximum further extension possible?

The investigation must be completed within six months of receiving the Standing Committee's reference. An extension of up to a further three months is possible, for reasons recorded in writing, as allowed by the Authority. The earlier three-month period and Standing Committee extension power were replaced.

  1. AWithin six months; further extension not exceeding three months as allowed by the AuthorityCorrect
  2. BWithin three months; further extension not exceeding three months as allowed by the Standing Committee
  3. CWithin six months; further extension not exceeding six months as allowed by the Authority
  4. DWithin nine months; no extension is permitted

Explanation

The Rule requires completion within six months of receipt of the reference, or within an extended period not exceeding a further three months for reasons recorded in writing, as may be allowed by the Authority. Three months was the earlier period, and the Standing Committee earlier allowed extensions, so both are outdated.

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