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2002 (7) TMI 193 - AT - Central ExciseExtract: .......ightly disallowed Modvat credit on steel supports. However, since the Modvat credit has been allowed by the Commissioner on other items, I consider it appropriate to reduce the penalty amount from Rs. 50,000/- to Rs. 25,000/-. Accordingly the duty is confirmed and the penalty is reduced to Rs. 25,000/-. The appeal is disposed of in the above terms.
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