https://www.taxtmi.com/article/detailed?id=1650 Amendments revise definitions, enforcement and procedures: importing the concept of inter-connected undertakings, designating serious evasion offences as cognizable while others remain non-cognizable, aligning arrest, bail and investigative jurisdiction with customs and criminal procedure law, and harmonizing search and seizure with the Code of Criminal Procedure. Related rule changes condition reduced-penalty benefits on timely payment, refine Cenvat credit treatment for used capital goods, permit transfer of certain unutilized credits between factories, limit interest on wrongly taken credit to instances of utilization, and expand audit document production powers. en-us Mon, 19 Mar 2012 11:22:56 +0530 Mon, 19 Mar 2012 11:22:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1650 Amendments revise definitions, enforcement and procedures: importing the concept of inter-connected undertakings, designating serious evasion offences as cognizable while others remain non-cognizable, aligning arrest, bail and investigative jurisdiction with customs and criminal procedure law, and harmonizing search and seizure with the Code of Criminal Procedure. Related rule changes condition reduced-penalty benefits on timely payment, refine Cenvat credit treatment for used capital goods, permit transfer of certain unutilized credits between factories, limit interest on wrongly taken credit to instances of utilization, and expand audit document production powers. Articles Central Excise Mon, 19 Mar 2012 11:22:56 +0530 https://www.taxtmi.com/article/detailed?id=1650