Penalty for fraudulent utilisation of input tax credit for claiming refund
Section 114AC of the Customs Act, 1962 deals with penalty for fraudulent utilisation of input tax credit for claiming refund. [114AC. Penalty for fraudulent utilisation of input tax credit for claiming refund.Where any person has obtained any invoice by fraud, collusion, wilful misstatement or suppression of facts to utilise input tax credit on the basis of such invoice for discharging any duty or tax on goods that are ent The Act came into force on 01 Feb 1963.
1[114AC. Penalty for fraudulent utilisation of input tax credit for claiming refund.Where any person has obtained any invoice by fraud, collusion, wilful misstatement or suppression of facts to utilise input tax credit on the basis of such invoice for discharging any duty or tax on goods that are entered for exportation under claim of refund of such duty or tax, such person shall be liable for penalty not exceeding five times the refund claimed.
Explanation.For the purposes of this section, the expression input tax credit shall have the same meaning as assigned to it in clause (63) of section 2 of the Central Goods and Services Tax Act, 2017 (12 of 2017).]
Section 114AC, The Customs Act, 1962 (Act 52 of 1962).
Questions about Section 114AC
What does Section 114AC of the Customs Act deal with?
Section 114AC of the Customs Act is headed "Penalty for fraudulent utilisation of input tax credit for claiming refund". [114AC. Penalty for fraudulent utilisation of input tax credit for claiming refund.Where any person has obtained any invoice by fraud, collusion, wilful misstatement or suppression of facts to utilise input tax credit on the basis of such invoice for discharging any duty or tax on goods that are ent
How do I find court cases under Section 114AC of the Customs Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Customs Act 1962 114AC, section 114AC Customs Act 1962, section 114AC of the Customs Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 114AC of the Customs Act come into force?
Section 114AC of the Customs Act, cited as Customs Act 1962 114AC, came into force on 01 Feb 1963, having been enacted on 13 Dec 1962. It is in force as at the date shown on this page.
Other sections of this Act
- 28. Recovery of duties not levied or not paid or short-levied or short-paid or erroneously refunded2145 words
- 2. Definitions1638 words
- 129A. Appeals to the Appellate Tribunal1170 words
- 27. Claim for refund of duty1060 words
- 127C. Procedure on receipt of an application under section 127B1056 words
- 138C. Admissibility of micro films, facsimile copies of documents and computer print outs as documents and as evidence872 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.