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of <h1>Rule 16: Recovery of Wrongly Taken or Refunded CENVAT Credit, Including Interest, under Excise Act Sections 11A and 11AA.</h1> Rule 16 of the CENVAT Credit Rules, 2017 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 under the provisions of section 11A of the Excise Act. If the credit is both taken and utilized incorrectly or refunded erroneously, recovery will include interest and will be governed by sections 11A and 11AA of the Excise Act. These provisions apply to ensure proper recovery of such credits.
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