Amendments in the Notification Number 32/2006-Central Excise (N.T.), dated the 30th December, 2006 - Deterrent measures where duty is paid wrongly or where cenvat facility is misutilized https://www.taxtmi.com/notifications?id=14908 Amendments treat removal of inputs on which CENVAT credit was taken without paying an amount equal to the credit as subject to deterrent measures, and require assessees to maintain records and intimate receipt of principal inputs for verification. "Principal inputs" are defined by cost significance as inputs constituting not less than ten percent of total raw material cost for a unit of final product. en-us Wed, 10 Jun 2009 00:00:00 +0530 Sat, 13 Jun 2009 09:20:00 +0530 TaxTMI RSS Generator Amendments in the Notification Number 32/2006-Central Excise (N.T.), dated the 30th December, 2006 - Deterrent measures where duty is paid wrongly or where cenvat facility is misutilized https://www.taxtmi.com/notifications?id=14908 Amendments treat removal of inputs on which CENVAT credit was taken without paying an amount equal to the credit as subject to deterrent measures, and require assessees to maintain records and intimate receipt of principal inputs for verification. "Principal inputs" are defined by cost significance as inputs constituting not less than ten percent of total raw material cost for a unit of final product. Notifications Central Excise Wed, 10 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/notifications?id=14908