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of <h1>Clarification on Show Cause Notices for Wrong Modvat Credit u/r 57I; Collectors Handle Serious Cases.</h1> The circular from the Central Board of Excise & Customs clarifies the process for issuing show cause notices under Rule 57I of the Central Excise Rules, 1944, regarding the wrong availment of Modvat Credit. It specifies that for cases involving suppression of facts, willful misstatements, or collusion, invoking a five-year period, the notices should be issued and decided by collectors. In other instances of wrong credit availment, respective adjudicating officers are responsible. This directive aims to ensure uniformity across field formations and responds to a query from the Collector of Central Excise, Bombay-III.
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