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2001 (1) TMI 361 - AT - Central ExciseExtract: ....... In view of denial of notional higher credit and deemed credit taken by the assessees, penalty is called for. Having regard to the amount of higher notional credit involved viz. approximately Rs. 1,25,000/- in the adjudication order whereunder penalty has been imposed, we reduce the penalty to Rs. 5000/-. 4. emsp The appeal are thus partly allowed.
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