https://www.taxtmi.com/news?id=4476 The Revenue Secretary warns that assessees must ensure timely and correct payment of indirect taxes - customs duty, central excise duty and service tax - and identifies noncompliance such as clandestine removals, misuse of CENVAT credit, unregistered or non filing service providers, and import/export invoicing abuses. Enforcement measures include recovery with interest and penalty up to 100%, suspension of CENVAT credit, provisional attachment, appropriation of third party monies, and arrest and prosecution, with a prompting to come forward for reduced penalty. en-us Wed, 02 Jan 2013 18:30:08 +0530 Wed, 02 Jan 2013 18:30:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4476 The Revenue Secretary warns that assessees must ensure timely and correct payment of indirect taxes - customs duty, central excise duty and service tax - and identifies noncompliance such as clandestine removals, misuse of CENVAT credit, unregistered or non filing service providers, and import/export invoicing abuses. Enforcement measures include recovery with interest and penalty up to 100%, suspension of CENVAT credit, provisional attachment, appropriation of third party monies, and arrest and prosecution, with a prompting to come forward for reduced penalty. News - Wed, 02 Jan 2013 18:30:08 +0530 https://www.taxtmi.com/news?id=4476