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of <h1>Improper CENVAT Credit Use Under Rule 15 Leads to Confiscation, Penalties for Fraud or Evasion Intent</h1> Rule 15 of the Cenvat Credit Rules, 2004, addresses the confiscation and penalty for incorrect utilization of CENVAT credit. If a person wrongly takes or utilizes CENVAT credit in contravention of these rules, the goods involved are subject to confiscation, and the individual may face penalties under the Excise Act or Finance Act. In cases involving fraud or intent to evade duty, manufacturers and service providers are liable for additional penalties. Orders for penalties must adhere to natural justice principles and be issued by a Central Excise Officer.
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