2007 (4) TMI 506 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Bangalore granted a stay application filed by the appellant seeking to stay the operation of OIA No. 123/06 dated 31-10-06. The Commissioner had set aside the OIA but mentioned that the department could reverse the credit along with interest and initiate penal action, which the appellant objected to. The Tribunal directed the department not to press the appellant to reverse the credit. The appeal will come up for hearing before a Single Member Bench.