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          Central Excise

          INTEREST AND PENAL PROVISIONS - Under the Cenvat credit Rules, 2004:

          Central Excise Guide for the new registrants (OLD)

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          Cenvat credit penalties: wrongful availment triggers interest, monetary penalties and possible confiscation under the Rules. Under the Cenvat Credit Rules, 2004, wrongful availment or erroneous refund of cenvat credit attracts interest on recovery; Rule 15 prescribes monetary penalties and confiscation for wrongful availment and aggravated penalties where credit is obtained by fraud, collusion, or suppression; Rule 15A prescribes fixed penalties for other contraventions.
                            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.

                                  Cenvat credit penalties: wrongful availment triggers interest, monetary penalties and possible confiscation under the Rules.

                                  Under the Cenvat Credit Rules, 2004, wrongful availment or erroneous refund of cenvat credit attracts interest on recovery; Rule 15 prescribes monetary penalties and confiscation for wrongful availment and aggravated penalties where credit is obtained by fraud, collusion, or suppression; Rule 15A prescribes fixed penalties for other contraventions.


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