Appellant's Compliance with Rule 6(3) CCR Prevents Revenue Reversal Demand; Penalty Imposition Deemed Unjustified.

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....Once the appellant has paid the amount as per Rule 6(3) of CCR, the Revenue cannot insist that the appellants should reverse the entire credit - the appellants in order to buy peace reverse the entire credit and also paid the interest on the remaining amount - thus, it was not justified to impose penalty.....