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2010 (3) TMI 412 - HC - Central ExciseInterest and Penalty- the manufacturer has taken CENVAT Credit on the capital goods received for installation of their plant and machinery. Later on manufacturer revised the credit wrongly taken by him. Authority demanded interest and penalty. Tribunal set aside the penalty and interest as the credit was revised. Held that- the CENVAT Credit has been reversed and the same has not been utilized for the payment of excise duty, thus, there is no question of demanding any interest and levying any penalty.
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