Excessive CENVAT Credit Use Over Rs. 1 Crore Leads to Penalty u/r 15(1); Employee Penalties Waived.

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....CENVAT Credit - Taking into account of the conduct of the Appellant for excess availment of credit for more than ₹ 1 Crores, we find that it is a fit case to impose penalty under Rule 15(1) of CENVAT Credit Rules. 2004. - Penalty on employees waived - AT....