12. Recovery of CENVAT credit wrongly taken or erroneously refunded.-

Where the CENVAT credit has been taken or utilised wrongly or has been erroneously refunded, the same along with interest shall be recovered from the manufacturer and the provisions of sections 11A and 11AB of the Act shall apply mutatis mutandis for effecting such recoveries.

(Rule 12. has been substituted vide NTF. NO. 18/2003-CE(N.T.), DT. 13/03/2003 for further amendments)

[OLD
12. Recovery of CENVAT credit wrongly taken.-

Where the CENVAT credit has been taken or utilized wrongly, the same along with interest shall be recovered from the manufacturer and the provisions of sections 11A and 11AB of the Act shall apply mutatis mutandis for effecting such recoveries.]

(Pl. refer Cir. No. 654/45/2002-CX, Dt. 19/08/2002 for Availment of Cenvat/Modvat credit when common inputs are used for both dutiable and exempted products)

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