CENVAT Credit Reversal: Rule 6(3) Clarifies No Penalty u/s 11AC for Payment Considered as Amount, Not Duty.

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....Penalty - Reversal of CENVAT credit - Rule 6(3) of the CCR 2004 - the provisions of Section 11AC of the CE Act are applicable only in respect of short- payment of duty whereas the payment under Rule 6(3)(b) of Cenvat Credit Rules is not duty but an amount - no penalty - AT....