Excess input tax credit recovery: recipients must repay distributed credit with interest under the assessment and recovery procedure.

Where an Input Service Distributor distributes credit in contravention of distribution provisions resulting in excess distribution to one or more recipients, the excess credit so distributed shall be recovered from such recipients along with interest, and the provisions of section 73 or section 74, as the case may be, shall, mutatis mutandis, apply for determination of amount to be recovered.

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