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2005 (2) TMI 235 - AT - Central ExciseExtract: .......t case for imposing the penalty equal to the amount of Modvat credit involved. The penalty is certainly imposable on the assessee as they had wrongly taken the Modvat credit. The penalty of Rs. 20,000/- will meet the ends of justice. We impose a penalty of Rs. 20,000/- on the assessee. Both the appeals are disposed of in the manner indicated above.
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