Recovery of Wrongly Taken CENVAT Credit Under Rule 14 Involves Interest Per Sections 11A, 11AA, 73, and 75.

Rule 14 of the Cenvat Credit Rules, 2004, addresses the recovery of CENVAT credit that has been wrongly taken or erroneously refunded. If the credit is taken but not utilized, it will be recovered from the manufacturer or service provider under the provisions of section 11A of the Excise Act or section 73 of the Finance Act, 1994. If the credit is taken and utilized wrongly or refunded erroneously, recovery will include interest, applying sections 11A and 11AA of the Excise Act or sections 73 and 75 of the Finance Act. Amendments and omissions to these rules have been made over time.

---

---

---