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of <h1>Misuse of CENVAT Credit Leads to Confiscation and Penalties Under Excise Act Section 11AC for Fraudulent Actions.</h1> If a person wrongly takes or utilizes CENVAT credit for inputs, the goods are subject to confiscation, and the individual faces penalties under section 11AC of the Excise Act. If the misuse involves fraud, collusion, or intentional misrepresentation to evade duty, the manufacturer is also penalized under section 11AC. Any orders related to these penalties must be issued by the Central Excise Officer in accordance with principles of natural justice.
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