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2010 (2) TMI 524 - HC - Central Excise
Cenvat credit - stock transfer for captive use for the production - adopted lower value continuously though there was a steep hike in the manufacturing cost - assessee is said to have irregularly availed a Cenvat credit – Penalty - no revenue loss to the exchequer especially when the entire quantity of finished products has been cleared under section 4A on the basis of Maximum Retail Price which would have taken into account the manufacturing cost.