Cenvat Credit
This query is : Resolved
10 September 2009
Dear Members,
If an assessee aviled the credit and which proves to be wrong by dept. and it covers under fraud, collusion, willful mistatment.So, is it possible to pay the penalty and make the credit regularised and can take in books again?
its just like as penalty is paid now can credit be allowed as i defence that i paid the penalty for what i done wrong.
Thank you
If an assessee aviled the credit and which proves to be wrong by dept. and it covers under fraud, collusion, willful mistatment.So, is it possible to pay the penalty and make the credit regularised and can take in books again?
its just like as penalty is paid now can credit be allowed as i defence that i paid the penalty for what i done wrong.
Thank you
11 September 2009
No.
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