To provide a forum for the settlement of disputes between the assessee and the department.

To review the orders passed by the Commissioner (Appeals).

To grant stay of recovery of duty.

All of the above.

The assessee.

The department.

Both the assessee and the department.

None of the above.

Within one year from the date of the order of the Commissioner (Appeals).

Within two years from the date of the order of the Commissioner (Appeals).

Within three years from the date of the order of the Commissioner (Appeals).

There is no time limit.

The application must be filed in the prescribed form.

The application must be accompanied by a fee.

The application must be served on the opposite party.

All of the above.

To confirm, reduce, enhance or annul the duty demanded.

To impose penalty.

To grant stay of recovery of duty.

All of the above.

It is final and binding on both the assessee and the department.

It can be appealed to the High Court.

It can be reviewed by the Settlement Commission itself.

None of the above.

It saves time and money.

It provides certainty to the assessee and the department.

It helps to improve the relationship between the assessee and the department.

All of the above.

The process can be complex and time-consuming.

The assessee and the department may not be able to reach a mutually acceptable settlement.

The Settlement Commission may not have the expertise to decide the case.

All of the above.

The Settlement Commission has been given more powers.

The time limit for filing an application for settlement has been increased.

The procedure for filing an application for settlement has been simplified.

All of the above.

The lack of resources.

The lack of expertise.

The increasing number of cases.

All of the above.

Providing the Settlement Commission with more resources.

Increasing the number of Settlement Commissioners.

Simplifying the procedure for filing an application for settlement.

All of the above.

The Settlement Commission provides a forum for the settlement of disputes between the assessee and the department.

The Settlement Commission can grant stay of recovery of duty.

The Settlement Commission can impose penalty.

All of the above.

Adopting a transparent and fair procedure.

Providing timely decisions.

Encouraging the use of alternative dispute resolution mechanisms.

All of the above.

The Settlement Commission will continue to play an important role in the settlement of disputes between the assessee and the department.

The Settlement Commission will be abolished.

The Settlement Commission will be merged with another body.

None of the above.