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2014 (10) TMI 556 - AT - Central ExciseReversal of CENVAT Credit - Assessee contends that excess amount of Cenvat Credit reversed by the appellant, where lesser Cenvat Credit was required to be reversed at the time of clearance of inputs as such, is required to be adjusted while calculating the correct demand of reversal of Cenvat Credit - Held that:- On the issue of reversal of Cenvat on inputs at the time of their clearance as such appellant is not agitating the issue on merits. However, it is the case of the appellant that excess Cenvat Credit reversed by the appellant should be adjusted against the short payment made. Prima facie, there is substance in the argument made by the A.R. that getting refund of excess Cenvat Credit reversal on cenvatable invoices is a separate proceedings and cannot be adjusted against short reversal. Appellant has, therefore, not made out a case for waiver of interest with respect to the confirmed demands and are required to be put to certain conditions. Accordingly, appellant is directed to deposit an amount of ₹ 60,000/- within eight weeks - Partial stay granted.
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