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of <h1>Show Cause Notice Required for Wrongly Availed Modvat Credit Recovery u/r 57-I(i), Per Indore High Court.</h1> The circular addresses the recovery of wrongly availed Modvat credit and the necessity of issuing a show cause notice under Rule 57-I(i) before disallowing such credit. It clarifies that a show cause notice is mandatory, aligning with a judgment from the Indore High Court. The Assistant Collector is designated to adjudicate these notices, except in cases involving intent to evade duty, where the Collector will decide. Additionally, the value of inputs wrongly credited will be considered for penalties under Rule 173Q. These instructions are to be communicated to relevant field formations, and acknowledgment of receipt is requested.
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