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2017 (5) TMI 668 - AT - Central ExciseInterest - penalty - whether the appellants are liable to pay interest and penalty when the irregularly availed credit has been reversed before utilisation? - Held that: - the appellants though have reversed the credit, it is not brought out from the records whether they had sufficient balance during the relevant time - The original authority is directed to verify whether the appellant has sufficient balance in the CENVAT credit account during the relevant time of taking the credit till the reversal of credit - appeal allowed by way of remand.
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