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2018 (2) TMI 205 - AT - Central ExciseCENVAT credit - inputs - appellant cleared certain inputs “as such” during the period November 2011 to December 2013 and instead of reversing the credit availed on inputs, removed as such, they paid duty on transaction value for the inputs cleared as such - Held that: - The Show Cause Notice has been issued alleging that by such payment of duty they passed on ineligible credit - It is apparent that such excess duty was paid only due to wrong interpretation of law or wrong method of calculation of the amount to be paid when the inputs are removed as such. Therefore, the penalty imposed is unwarranted - appeal allowed.
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