Determination of settlement amount

(1) The amount payable for settlement shall be determined by the Designated Authority in accordance with the provisions of this Act. (2) The applicant shall pay the settlement amount within the specified period after the determination by the Designated Authority. (3) Upon payment of the settlement amount, the arrears of tax, interest and penalty shall be deemed to be satisfied. (4) The settlement amount so determined shall be final and binding. (1) Subject to the other provisions of this Act, a person whether registered or not under the Relevant Acts, shall be eligible to make an application for settlement of arrears of tax and/ or interest and/ or penalty in respect of the specified period, whether such arrears are sub-judice in any appeal, revision or any court of law, under the relevant Acts or not. (2) Persons who have been allowed to pay in installments under sub-section (7) of Section 25 of the Chhattisgarh Value Added Tax Act, 2005 (No.2 of 2005) shall be eligible to apply for settlement in the manner as may be prescribed. (3) Persons, who have availed benefits under the Chhattisgarh Vanijyik Kar (Baka ya Rashi) Saral Samadhan Yojna, 2010, shall also be eligible to apply under this Act in the manner as may be prescribed. (4) The Designated Committee, on examination of such application finds any difference or anomaly, such application shall be held ineligible for relief under this Act.