2012 (3) TMI 449

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....nior Advocate with Mr. Aditya Chitale P.C. : This appeal was admitted on 3rd April 2008 on the following substantial questions of law. a) Whether the assessee is liable for imposition of penalty under Rule 13(2) of CENVAT Credit Rules, 2002 read with Section 11AC of the Act equal to the excess credit taken by the assessee by suppression of facts and/or willful misstatement with intend to evade....