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2014 (5) TMI 1117 - AT - Central ExciseCenvat demand - credit availed in respect of fibre glass, received in the appellant factory - Held that:- no justifiable reason found for denial of credit or for imposition of penalty inasmuch as fibre glass was cleared on payment of excess duty by reversing more credit. As such, the entire credit availed by the appellant stand reversed by them. The entire situation is revenue neutral and consequent confirmation of duty in respect of the credit so availed is not justified. - Decided in favour of appellant
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