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2013 (7) TMI 530 - AT - Central ExciseImposition of Penalty under Rule 15(1) of the Cenvat Credit Rules, 2004 - Rule provides for imposition of penalty in cases where the assessee takes wrong Cenvat credit which shall be not exceeding the duty on the excisable goods in respect of which any contravention has been committed or Rs. 2,000/rupees, whichever is greater – Held that:- No malafide on the part of the assessee, who has immediately reversed the excess credit – Penalty reduced to Rs. 25,000/-, but for reduction in the quantum of appeal, the appeal is otherwise rejected.
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