https://www.taxtmi.com/article/detailed?id=5480 Rule 15 penalises wrongful taking or utilisation of CENVAT Credit for inputs, capital goods and input services, exposing goods to confiscation and persons to penalties; aggravated misconduct involving fraud, wilful misstatement, collusion or suppression attracts additional penal provisions under central Excise and Finance Acts. Judicial guidance distinguishes bona fide or arguable interpretations and inadvertent mistakes from deliberate evasion, places the burden of proving admissibility on the claimant, links interest to utilisation of credit, and recognises a residual general penalty under Rule 15A where no specific penalty exists. en-us Fri, 14 Feb 2014 11:14:24 +0530 Fri, 14 Feb 2014 11:59:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5480 Rule 15 penalises wrongful taking or utilisation of CENVAT Credit for inputs, capital goods and input services, exposing goods to confiscation and persons to penalties; aggravated misconduct involving fraud, wilful misstatement, collusion or suppression attracts additional penal provisions under central Excise and Finance Acts. Judicial guidance distinguishes bona fide or arguable interpretations and inadvertent mistakes from deliberate evasion, places the burden of proving admissibility on the claimant, links interest to utilisation of credit, and recognises a residual general penalty under Rule 15A where no specific penalty exists. Articles Cenvat Credit Fri, 14 Feb 2014 11:14:24 +0530 https://www.taxtmi.com/article/detailed?id=5480