General penalty for contravention of CENVAT Credit Rules allows imposition where no specific penalty is prescribed. General penalty under the CENVAT Credit Rules, 2017 makes any person who contravenes a rule for which no specific penalty is provided liable to a residual ... Summary
General penalty for contravention of CENVAT Credit Rules allows imposition where no specific penalty is prescribed.
General penalty under the CENVAT Credit Rules, 2017 makes any person who contravenes a rule for which no specific penalty is provided liable to a residual monetary penalty, serving as a uniform enforcement mechanism for breaches not otherwise sanctioned.
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