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2006 (2) TMI 392
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....; Sanjay Kumar, JDR, for the Respondent. [Order]. - The issue involved in this stay application is regarding the stay of recovery of penalty of Rs. one lakh. 2. Considered the submissions made by both the sides. I find that the applicant in this case is a trader who has passed on the Modvat credit on the duty paid goods dealt by him. SCN seeking to impose penalty on the applicant und....