https://www.taxtmi.com/article/detailed?id=58 The Government inserted Rule 12CC in the Central Excise Rules and Rule 12AA in the Cenvat Credit Rules to permit notification-based restrictions and withdrawal of facilities against manufacturers, dealers and exporters for specified misuse or evasion. Triggering acts include removal without invoice, undervaluation with unaccounted proceeds, taking credit without receipt or on non genuine invoices, issuing invoices without delivery, and claiming refunds on suspect documents. Restrictions (including suspension of registration, limits on CENVAT utilization, pre payment of duty, withdrawal of export self sealing, and physical supervision) apply where the duty or credit involved exceeds the prescribed monetary threshold, and a multi stage administrative procedure with opportunity to be heard is prescribed. en-us Sun, 31 Dec 2006 00:00:00 +0530 Sat, 23 Oct 2010 11:12:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=58 The Government inserted Rule 12CC in the Central Excise Rules and Rule 12AA in the Cenvat Credit Rules to permit notification-based restrictions and withdrawal of facilities against manufacturers, dealers and exporters for specified misuse or evasion. Triggering acts include removal without invoice, undervaluation with unaccounted proceeds, taking credit without receipt or on non genuine invoices, issuing invoices without delivery, and claiming refunds on suspect documents. Restrictions (including suspension of registration, limits on CENVAT utilization, pre payment of duty, withdrawal of export self sealing, and physical supervision) apply where the duty or credit involved exceeds the prescribed monetary threshold, and a multi stage administrative procedure with opportunity to be heard is prescribed. Articles Cenvat Credit Sun, 31 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=58