2006 (12) TMI 346

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....r the Respondent. [Order]. -  This is a revenue appeal arising from OIA No. 42/2005 (H-I) CE dated 31-3-2005 by which the Commissioner among other things has directed that the interest and penalty should be adjusted from the balance amount in RG 23A part II. It is the submission of the Revenue that as per sub-rule (3) of Rule 3 of Cenvat Credit Rules, 2002, Cenvat credit may be utilized....