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2002 (6) TMI 86 - AT - Central ExciseExtract: .......mand of duty is confirmed against the appellant. However, the amount already paid by them, as recorded in the impugned order shall be adjusted. 2. The quantum of duty confirmed against the appellant will get reduced by the quantum of Modvat credit available to them. 3. Penalty of Rs. 2,00,00,000.00 (rupees two crore) imposed upon them is set aside.
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