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<h1>Cenvat credit on notified bulk packs allowed for manufacturers; invoice and records required; misuse triggers recovery and penalties.</h1> Manufacturers of notified goods may take CENVAT credit of excise duty on notified goods supplied in bulk packs as specified in the Fourth Schedule; this credit may be taken on receipt of bulk packs, utilised for payment of duty under the governing Act (limited to the credit balance as of the last day of the preceding month), must be supported by an invoice for clearance of bulk packs, and requires detailed records with the burden of proof on the manufacturer. Wrongful credit is recoverable with interest, attracts confiscation and penalties, and fraud or intentional evasion attracts enhanced penalties.
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