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2012 (6) TMI 751 - AT - Central ExciseDenial of CENVAT Credit - Excess demand of CENVAT Credit - Held that:- demand of CENVAT credit is highly disproportionate to value of raw materials mentioned in the annexure to the show-cause notice. The demand has been made nearly after four years after the flood has been happened in October 2005. A claim settled by the Insurance Company confirms the occurrence of flood. Therefore, we do not prima facie find valid reason to uphold the demand as per the impugned order. In view of the above, there shall be waiver of pre-deposit of dues as per the impugned order and stay of recovery thereof till disposal of the appeal - Stay granted.
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