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2017 (2) TMI 1350 - HC - Central ExcisePenalty - CENVAT credit - manufacture of exempted as well as dutiable final product - Held that: - the Apex Court in the case of CHANDRAPUR MAGNET WIRES (P) LTD. VERSUS COLLECTOR OF C. EXCISE, NAGPUR [1995 (12) TMI 72 - SUPREME COURT OF INDIA] has held that no penalty could have been imposed after reversal of the Cenvat benefit availed on an exempted final product. The only difference in the instant matter is that the reversal in the case in hand was made after issuance of notice to show cause. The prime issue is reversal and not the issuance of notice to show cause - appeal dismissed - decided against Revenue.
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