https://www.taxtmi.com/acts?id=11394 Manufacturers of chewing tobacco and Jarda scented tobacco notified under the Act may take CENVAT credit on such goods in bulk packs for specified excise duties and cesses; credit may be taken on receipt and utilised subject to the available balance on the last day of the preceding month and earmarked utilisation for corresponding cesses. Credit requires an invoice and detailed records; the manufacturer bears the burden of proof. Wrongful credit leads to recovery with interest, application of recovery provisions, confiscation of bulk packs and penalties, including enhanced penalties for fraud or suppression. en-us Thu, 18 Mar 2010 07:54:59 +0530 Sun, 18 Mar 2012 15:06:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11394 Manufacturers of chewing tobacco and Jarda scented tobacco notified under the Act may take CENVAT credit on such goods in bulk packs for specified excise duties and cesses; credit may be taken on receipt and utilised subject to the available balance on the last day of the preceding month and earmarked utilisation for corresponding cesses. Credit requires an invoice and detailed records; the manufacturer bears the burden of proof. Wrongful credit leads to recovery with interest, application of recovery provisions, confiscation of bulk packs and penalties, including enhanced penalties for fraud or suppression. Act-Rules Central Excise Thu, 18 Mar 2010 07:54:59 +0530 https://www.taxtmi.com/acts?id=11394