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Central Excise - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Imposition of penalty - reversal of credit for obtaining the ...

Case Laws     Central Excise

March 25, 2017

Imposition of penalty - reversal of credit for obtaining the Terminal Excise Duty (TED) benefit from the DGFT - Since the appellant has reversed the cenvat credit before issuance of SCN and also paid interest attributable to such late reversal of cenvat credit, the penalty cannot be imposed - AT

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