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2015 (12) TMI 1205 - AT - Central ExcisePenalty u/s 11AC - Denial of CENVAT Credit - Nexus with manufacturing activity - Held that:- Imposition of mandatory penalty under Section 11 AC, when duty and interest is paid within thirty days, the amount of penalty shall be 25% of the duty. As the duty along with interest has already been paid by the respondent assessee, the Commissioner (Appeals) has rightly reduced the penalty (50% of duty) imposed under Rules 15(2) and 15(3) to 25% - Decided against Revenue.
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