2005 (9) TMI 162

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....Order-in-Appeal No. 150/2003-C.E., dated 24-6-2003 is as to whether penalty of Rs. 1,00,000/- under Rule 173Q is imposable when the appellant has been held to be eligible for taking Modvat credit and also the demand pertaining to Modvat credit has been set aside. The appellants contended that they have reversed the credit by paying the amount as well as interest and they are eligible for refund of....