CENVAT Credit Validity Maintained Despite Penalties; Tribunal Upholds Decision on Revenue Neutrality, No Legal Error Found.

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....Availment of CENVAT Credit - merely because the penalty has been notionally imposed on all the assessees, does not mean that the Tribunal's earlier conclusion, and by applicability of the principle of revenue neutrality, is perverse or vitiated by any error of law apparent on the face of record - HC....