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2012 (10) TMI 941 - AT - Central ExciseCenvat credit - Recovery of credit fraudulently taken - Penalty - Held that:- penalty could not have been imposed on the offence under consideration which took place prior to 1-3-2007 and is of the type covered by Rule 26(2) introduced from 1-3-2007 - Rule 25(1)(d) and Rule 26 as it stood prior to 1-3-2007 was good enough for imposing penalty on misdeeds of the type involved in this case. The observation in para 8 of the order is only the general principle that a penal provision introduced with effect from a particular date would not apply for acts on dates prior to such date - Following decision of Vee Kay Enterprises v. CCE [2011 (3) TMI 133 - PUNJAB AND HARYANA HIGH COURT] - Decided against assessee.
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