100% Penalty u/r 15(1) of Cenvat Credit Rules Deemed Unjustified; Full Facts Known to Revenue.

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....Penalty - Notification No. 6/2006-CE - cenvat credit in respect of common inputs - entire facts were with the Revenue - imposition of penalty to the extent of 100% in terms of Rule 15 (1) of Cenvat Credit Rules is not justified. - AT....