CBIC signs MoU with CBDT for Bilateral Data Exchange

Published on July 22, 2020
Current Context: The Central Board of Indirect Taxes and Customs (CBIC) has signed MoU Central Board of Direct Taxes (CBDT).
CBIC signs MoU with CBDT for Bilateral Data Exchange
  • The two entities has signed MoU to carry out the bilateral data exchange between them.
  • The bilateral data exchange between them will take place on an automatic and regular basis.
  • Also, both the organisation will exchange data on request and on spontaneous basis from their respective databases.
  • To have a tracking record of this data exchange process, a Data Exchange Steering Group will be appointed to manage the process and thus will improve data sharing mechanism. 
  • Static Part: 
    • HQ of CBIC: New Delhi
    • Chairman of CBIC: M Ajit Kumar
    • HQ of CBDT: New Delhi
    • Chairman of CBDT: Pramod Chandra Mody

Question: 

Q.1 Which organisation signed MoU with CBIC for data exchange?
a. CBDT
b. SIDBI
c. NABARD
d. Exim Bank

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