Company Faces Penalty for Delayed Notification of Auto Coner Transfer; Cenvat Credit Reversal Ordered.

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....Cenvat credit - reversal of credit on removal of capital goods - Penalty - The fact of removal of one Auto Coner to Guna Plant, which took place within 2 days of taking credit, was not brought to the notice of the Central Excise Authorities and it was detected only during the course of audit - demand with penalty confirmed.....