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2010 (4) TMI 489 - AT - Central ExciseInterest - Penalty - Assessee submits that they are not liable for interest as the entire quantity of goods was received back within 180 days, the period stipulated in relevant rule. Held that - assessee not liable to interest. inputs removed for storage to sister unit without prior permission from excise authorities. Held that - Assessee's contention that such removal did not require prior permission as removal to be treated under Rule 4(5) of Cenvat Credit Rules, 2004 which does not require prior permission as removal to be treated under Rule 4(5) of Cenvat Rules, 2004 which does not require prior permission, not correct. However penalty reduced to Rs. 5000.
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