TaxTMI 
TaxTMI 
Show Cause Notice Unwarranted: Penalty u/s 11AC for CENVAT Credit Reversal Deemed Improper.
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....Penalty u/s 11AC - CENVAT Credit - Suo moto reversal of wrongly availed duty - Since show cause notice was not supposed to be issued, consequential penalty should not have been imposed. - AT....