https://www.taxtmi.com/circulars?id=6090 The Board identifies fraudulent availment of Modvat credit as resulting from breakdowns in excise control and monitoring and directs immediate, stringent action. Authorities are instructed to initiate prosecutions under Central Excises and Salt Act, 1944 and, where feasible, under the Indian Penal Code, 1860, in addition to excise proceedings, and to notify field formations to implement these guidelines. en-us Wed, 28 Feb 1996 00:00:00 +0530 Tue, 30 Jun 2009 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6090 The Board identifies fraudulent availment of Modvat credit as resulting from breakdowns in excise control and monitoring and directs immediate, stringent action. Authorities are instructed to initiate prosecutions under Central Excises and Salt Act, 1944 and, where feasible, under the Indian Penal Code, 1860, in addition to excise proceedings, and to notify field formations to implement these guidelines. Circulars Central Excise Wed, 28 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6090