Appellants Avoid Penalty for Not Reversing CENVAT Credit After Closing and Dismantling Lead Plant in 1999-2003.

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....Non Reversal of CENVAT Credit on Closure of factory - appellants have closed down their Lead plant in July 1999 and dismantled the same in December 2003 and have not reversed the credit of Cenvat availed on lead concentrate lying in stock - penalty waived - AT....