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of <h1>Ministry of Finance Circular Targets Modvat Credit Fraud, Enforces Strict Compliance with Central Excise Law Amendments.</h1> The circular issued by the Ministry of Finance addresses the fraudulent use of Modvat Credit by a company and emphasizes the strict enforcement of recent amendments in Central Excise Law. It mandates stringent actions against entities engaging in such fraudulent activities and highlights the need for compliance with interest and penal provisions. The circular also warns that departmental officers who fail to enforce these laws effectively will face disciplinary action. This directive aims to curb unlawful practices and ensure adherence to legal provisions concerning Modvat Credit.
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