CENVAT credit restrictions-government may notify utilization limits, suspend registrations and withdraw facilities to prevent misuse. Central Government may, by notification, impose measures to prevent misuse of CENVAT credit, specifying restrictions on utilization of credit, suspension of a dealer's registration, withdrawal of facilities, and the procedure for issuing such orders by the Chief Commissioner; pending proposals initiated under the earlier notification are to be treated as initiated under this rule and decided accordingly.
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 restrictions-government may notify utilization limits, suspend registrations and withdraw facilities to prevent misuse.
Central Government may, by notification, impose measures to prevent misuse of CENVAT credit, specifying restrictions on utilization of credit, suspension of a dealer's registration, withdrawal of facilities, and the procedure for issuing such orders by the Chief Commissioner; pending proposals initiated under the earlier notification are to be treated as initiated under this rule and decided accordingly.
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