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2017 (9) TMI 75 - AT - Central ExciseInterest - penalty - reversal of CENVAT credit on being pointed out - manpower supply services - Held that: - decision in the case of Ind-Swift Laboratories Ltd. [2011 (2) TMI 6 - Supreme Court], relied upon where it was held that if the Cenvat credit availed by the assessee wrongly but same has been reversed before utilization of the same, no interest is payable by the assessee. Penalty - Held that: - appellant is a Central Public Sector Undertaking, no charge of allegation of suppression can be made against the appellant - penalty set aside. Appeal allowed - decided in favor of appellant.
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