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of <h1>Central Government Can Restrict CENVAT Credit Use Under Rule 19 to Curb Misuse in Public Interest.</h1> Rule 19 of the CENVAT Credit Rules, 2017 grants the Central Government the authority to impose restrictions on the use of CENVAT credit in cases of misuse. This power is exercised when deemed necessary in the public interest, considering factors like the extent and nature of misuse. Restrictions can affect manufacturers, importers, dealers, service providers, and exporters, potentially involving limitations on credit utilization and suspension of registration. Notifications specifying these restrictions are published in the Official Gazette, and the Principal Chief Commissioner or Chief Commissioner of Central Excise issues the relevant orders.
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