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2018 (11) TMI 739 - AT - Central ExcisePenalty - it was alleged that appellants have availed CENVAT credit based on invoices issued by their head office as input service distributor without getting registered as ISD - Held that:- It is seen that they have reversed the credit much before issuance of the show cause notice. It is also submitted that the appellants had sufficient balance in their CENVAT account - penalty cannot sustain relying on the case of THE COMMISSIONER OF CENTRAL EXCISE, MADURAI VERSUS M/S. STRATEGIC ENGINEERING (P) LTD. [2014 (11) TMI 89 - MADRAS HIGH COURT] - appeal allowed in part.
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