Modvat credit recovery: Collectors must issue and decide extended-period show cause notices for suppression or wilful misstatement. The Board clarifies that, under amended Rule 57I, show cause notices for wrongful availment of Modvat credit that allege suppression of facts, wilful misstatement or collusion and invoke the five year period must be issued and decided by Collectors; in other instances of wrongful availment, the respective adjudicating officers should issue and decide the notices.
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.
Modvat credit recovery: Collectors must issue and decide extended-period show cause notices for suppression or wilful misstatement.
The Board clarifies that, under amended Rule 57I, show cause notices for wrongful availment of Modvat credit that allege suppression of facts, wilful misstatement or collusion and invoke the five year period must be issued and decided by Collectors; in other instances of wrongful availment, the respective adjudicating officers should issue and decide the notices.
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