Wrongly availed CENVAT credit recovery procedures highlighted; trade urged to disseminate CBIC circular guidance on transitional credit. The Principal Commissioner notifies trade of a CBIC circular explaining recovery mechanisms for wrongly availed CENVAT credit and inadmissible transitional credit; trade associations are directed to disseminate the circular so that taxable persons review past credit claims and comply with admissibility and recovery procedures.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Wrongly availed CENVAT credit recovery procedures highlighted; trade urged to disseminate CBIC circular guidance on transitional credit.
The Principal Commissioner notifies trade of a CBIC circular explaining recovery mechanisms for wrongly availed CENVAT credit and inadmissible transitional credit; trade associations are directed to disseminate the circular so that taxable persons review past credit claims and comply with admissibility and recovery procedures.
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