TMI BlogAssessee Avoids Penalty u/r 13 of CENVAT Credit Rules 2002 by Promptly Reversing Unused Credit Error.Penalty under Rule 13 of CENVAT Credit Rules, 2002 - Assessee did not utilise the credit and reversed immediately on receipt of the intimation about the error. - No penalty - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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