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2008 (2) TMI 110 - CESTAT, MUMBAIReversal of the ineligible credit, was done by the appellant themselves after intimating Range Officers - held that assessee is not liable to pay interest as the credit was taken as an entry in the modvat record and was infact not utilized - Commissioner (A), while confirming that the interest demand is sustainable has not given any reasoning, hence same is set aside - Since the appellant has not filed any appeal against imposition of penalty, the penalty imposed by the Comm. (A) is correct
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