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2018 (3) TMI 1840 - AT - Central ExciseLevy of interest and penalty - reversal of already availed CENVAT credit - HELD THAT:- Since in the instant case, the appellant had reversed the credit, interest cannot be levied - demand of interest set aside. Penalty - HELD THAT:- There are no material on record indicating suppression of fact with intent to evade payment of duty and other ingredients as mentioned under Section 11AC of the Central Excise Act, 1944. Therefore, imposition of penalty is unwarranted. Appeal allowed - decided in favor of appellant.
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