Recovery of unpaid CENVAT liabilities: unpaid amounts recoverable with interest using the same procedure as for wrongly availed CENVAT credit. An amendment inserts Explanation 2 in Rule 6 of the CENVAT Credit Rules providing that where a manufacturer fails to pay the specified amount, it shall be ... Summary
Recovery of unpaid CENVAT liabilities: unpaid amounts recoverable with interest using the same procedure as for wrongly availed CENVAT credit.
An amendment inserts Explanation 2 in Rule 6 of the CENVAT Credit Rules providing that where a manufacturer fails to pay the specified amount, it shall be recovered with interest by the same procedure used for recovery of wrongly taken CENVAT credit.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.