TMI BlogCENVAT Credit Rule 15(2) Penalty: No Suppression or Misdeclaration Found, Credit Reversed After Audit Findings.Penalty under Rule 15(2) of CENVAT Credit Rules - credit has been reversed when the audit pointed out the same – it cannot be said that there was suppression of fact or misdeclaration with intent to evade duty - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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