Penalty Imposed for Wrong Availment of CENVAT Credit Reversed Before Show Cause Notice; Max Fine Rs. 5,000 u/r 26.

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....Imposition of penalty u/r 26(2) of CER, 2002 - CENVAT Credit - Wrong availment of credit and reversal thereof on being pointed out before the issue of SCN - maximum penalty which can be imposed is only ₹ 5000/- under Rule 26 of the Central Excise Rules, 2002 r.w.s. 37(3)....