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Central Excise - Highlights / Catch Notes

Home Highlights January 2012 Year 2012 This

CENVAT Credit - It is the obligation of the assessee that he ...


Assessee Must Verify Compliance Before Claiming CENVAT Credit to Avoid Penalty u/s 11AC for Non-Compliance.

January 11, 2012

Case Laws     Central Excise     AT

CENVAT Credit - It is the obligation of the assessee that he takes precautions under Rule and then only take credit. Availment of credit without such verification would lead to a conclusion that there was suppression of facts of non-verification/non-compliance with the provisions of rule and therefore mandatory penalty u/s 11AC is attracted..... - AT

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