New Delhi: A MoU was signed between Central Board of Direct Taxes, CBDT and the Central Board of Indirect Taxes and Customs, CBIC today for data exchange between the two organizations.
This MoU will facilitate the sharing of data and information between CBDT and CBIC on an automatic and regular basis. In addition to regular exchange of data, CBDT and CBIC will also exchange with each other, on request and spontaneous basis, any information available in their respective databases which may have utility for the other organization.
The MoU comes into force from today and is an ongoing initiative of CBDT and CBIC, who are already collaborating through various existing mechanisms.
The MoU was signed by CBDT Chairman Pramod Chandra Mody and CBIC Chairman M. Ajit Kumar, in the presence of senior officers from both the organizations.