Interim Boards for Settlement established under Central Excise Act: CBIC has constituted four Interim Boards for Settlement under the Central Excise. Interim Board for Settlement-I will be based in Delhi, Board-II in Kolkata, Board-III in Mumbai, and Board-IV in Chennai. These boards are expected to handle pending and new cases related to central excise settlement, offering a structured mechanism for resolution. (Central Excise Notification 02/2025 (NT) Dated 08/04/2025)