2013 (7) TMI 713

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..... icant filed this application for waiver of pre-deposit of penalty of Rs.25 lakhs imposed under Rule 26(2)(i) of the Central Excise Rules, 2002. 3. The penalty is imposed on the ground that the applicants issued duty paying invoices without supplying the goods to M/s Arrow Engineers and M/s Arrow Engineers availed credit without receipt of the inputs. M/s Arrow Engineers approached the Settlement .....

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