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2012 (7) TMI 2 - CESTAT, AHMEDABADIneligible CENVAT Credit challenged by the appellant of the Service Tax paid by the service provider - Stay Petition for waiver of pre-deposit of penalties - Held that:- Having reversed the ineligible availmaint of the CENVAT Credit on being pointed out by the Audit party, the appellant has shown their bonafide on admitting the error. In view of this the imposition of penalty on the appellant is liable to be set aside - in favour of assessee.
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