Restrictions on CENVAT credit misuse allow government to notify utilisation limits, suspend registrations and withdraw facilities. The amendment substitutes rule 12AA with rule 12AAA, empowering the Central Government to notify restrictions to prevent misuse of CENVAT credit. Notified measures may include limits on utilization of CENVAT credit, suspension of dealer registration, withdrawal of facilities and specification of the procedure for issuance of such orders by an officer authorised by the Board.
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.
Restrictions on CENVAT credit misuse allow government to notify utilisation limits, suspend registrations and withdraw facilities.
The amendment substitutes rule 12AA with rule 12AAA, empowering the Central Government to notify restrictions to prevent misuse of CENVAT credit. Notified measures may include limits on utilization of CENVAT credit, suspension of dealer registration, withdrawal of facilities and specification of the procedure for issuance of such orders by an officer authorised by the Board.
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