https://www.taxtmi.com/manuals?id=183 Recovery of Cenvat Credit wrongly taken, utilised or erroneously refunded is effected from the manufacturer or provider of output service; if not utilised the credit is recoverable, and if utilised or refunded recovery is with interest. Rule 14 applies mutatis mutandis to relevant excise and service tax provisions, deems credits for a month to be taken on the last day and prescribes order of utilisation. Show cause notice by the proper officer is mandatory and limitation periods run from the relevant date, with extended time for fraud or willful suppression. Voluntary reversal before utilisation avoids interest. en-us Sat, 19 Jan 2008 23:16:00 +0530 Wed, 17 Jun 2015 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=183 Recovery of Cenvat Credit wrongly taken, utilised or erroneously refunded is effected from the manufacturer or provider of output service; if not utilised the credit is recoverable, and if utilised or refunded recovery is with interest. Rule 14 applies mutatis mutandis to relevant excise and service tax provisions, deems credits for a month to be taken on the last day and prescribes order of utilisation. Show cause notice by the proper officer is mandatory and limitation periods run from the relevant date, with extended time for fraud or willful suppression. Voluntary reversal before utilisation avoids interest. Manuals Cenvat Credit Sat, 19 Jan 2008 23:16:00 +0530 https://www.taxtmi.com/manuals?id=183