2006 (2) TMI 392

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..... . - The issue involved in this stay application is regarding the stay of recovery of penalty of Rs. one lakh. 2. Considered the submissions made by both the sides. I find that the applicant in this case is a trader who has passed on the Modvat credit on the duty paid goods dealt by him. SCN seeking to impose penalty on the applicant under Rule 13(1) of Cenvat Credit Rules, 2002 was issued. T .....

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