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of <h1>Central Excise Notification: Penalties for Misuse of CENVAT Credits and Wrong Duty Payments Over Rs.10 Lakhs</h1> The notification outlines deterrent measures for cases where duties are wrongly paid or the CENVAT facility is misused. It specifies actions against manufacturers, dealers, or exporters involved in offenses like removing goods without invoices, declaring incorrect values, or misusing CENVAT credits. Penalties include withdrawing monthly duty payment facilities, restricting CENVAT credit usage, and imposing record-keeping requirements. Repeat offenders may face further restrictions, such as countersigned invoices for goods removal. Offenses involving more than Rs.10 lakhs trigger these measures. Procedures involve examination and recommendations by Central Excise authorities, with opportunities for the accused to be heard before final decisions.
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