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2017 (9) TMI 1117 - AT - Central ExciseReduction of penalty imposed under Rule 15 of Cenvat Credit Rules, 2004 - CENVAT credit on inputs denied - Held that: - the maximum penalty can be imposed equivalent to the duty but minimum penalty is discretion of the adjudicating authority - In the facts and circumstances of this case, the penalty imposed on the appellant equivalent to duty is on higher side - penalty reduced to ₹ 50,000/- - appeal allowed - decided n favor of appellant.
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