Suspected assessees – Withdrawal of facilities and imposition of restrictions – more restrictions
As per Notification No. 32/2006 CENT dated 30.12.2006, the department can impose the following punishment on manufacturers, dealers and exporters.
1. Withdraw facility of monthly payment of duty and insist on payment consignment wise.
2. Disallow payment of duty from Cenvat account.
3. Suspend the dealers' registration.
4. Deny self sealing facility for exports.
Now such assessees may be required to
1. maintain records of receipt, disposal, consumption and inventory of the principal inputs on which CENVAT credit has not been taken;
2. intimate the Superintendent of Central Excise regarding the receipt of principal inputs in the factory on which CENVAT credit has or has not been taken, within a period specified in the order and the said inputs shall be made available for verification upto the period specified in the order. Perhaps it is the bureaucrat's business to make business difficult.
Notification NO. Dated: June 10, 2009