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Sep 30, 2012

‘Reasonable steps’ in Cenvat Credit Rules – Signals of coming back ..!!

'Reasonable steps' in Cenvat Credit Rules – Signals of coming back ..!!

Posted: 30 Sep 2012 04:45 AM PDT

Off late many assessees faced the wrath of the Department by way of Show Cause Notices, spot recoveries and personal penalties owing to the alleged failure to take reasonable care while taking Cenvat credit. If the default of duty or tax payment is necessitated either due to genuine reasons or...

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