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2003 (1) TMI 581 - AT - Central Excise
The appeal was against a penalty imposed for incorrectly utilizing Modvat credit towards payment of basic excise duty. The appellant admitted the error was due to inadvertence but reversed the credit upon notification. The penalty was imposed under Rule 173Q, reduced from Rs. 60,000 to Rs. 20,000 due to no mala fide intent. The appeal was allowed in part.
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