https://www.taxtmi.com/acts?id=254 Rule 15 treats wrongful taking or utilisation of CENVAT credit for inputs, capital goods, or input services as grounds for confiscation of goods and imposition of penalties under the Excise Act or Finance Act; fraud, collusion, wilful mis-statement or suppression of facts attracts enhanced penalties against manufacturers or service providers. Any order for confiscation or penalty must be issued by the prescribed administrative officer and comply with the principles of natural justice. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 24 Mar 2015 12:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=254 Rule 15 treats wrongful taking or utilisation of CENVAT credit for inputs, capital goods, or input services as grounds for confiscation of goods and imposition of penalties under the Excise Act or Finance Act; fraud, collusion, wilful mis-statement or suppression of facts attracts enhanced penalties against manufacturers or service providers. Any order for confiscation or penalty must be issued by the prescribed administrative officer and comply with the principles of natural justice. Act-Rules Central Excise Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=254