Union Minister for Finance Pranab Mukherjee has said that the proposal for the establishment of South Central Zonal Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) at Hyderabad is under active consideration of the central government.
The Union minister has sent a reply to the request made by IT minister Ponnala Lakshmaiah, and has added that another proposal to set up additional benches of CESTAT is also being considered.
A few weeks ago, the state government has urged the Centre for the construction of a South Central Zonal Bench of CESTAT in Hyderabad for speedy trial of the cases related to information technology companies.
Ponnala Lakshamaiah, in his letter to Mukherjee, had pointed out that most of the IT companies were registered as software technoloy park units or SEZ units eligible for customs and excise exemption.