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2008 (6) TMI 133 - CESTAT, CHENNAIDenial of Cenvat credit - imposition of equal amount of penalty – According to the Department, the price of the goods was subsequently reduced by the supplier and, to the extent it was reduced, Cenvat credit was not admissible to the buyer – held that credit taken on strength of the invoice covering purchase of inputs, cannot be subsequently reduced on the above ground – appeal of assessee is allowed
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