2013 (2) TMI 214

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....Panda: Learned Chartered Accountant says that Cenvat credit was utilised for a short time without having balance over and above that amount during material period in statutory record. Tax demand on that count has already been deposited and his client shall also deposit interest. Prayer of the appellant is to reduce penalty since use of Cenvat credit was only for a period of 6 months. He submits....