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2013 (2) TMI 312 - CESTAT MUMBAIWaiver of pre-deposit, interest and duty - Whether Cenvat Credit can be denied on the ground that the activity undertaken does not amount to manufacture, inspite of duty on final product accepted by the revenue - Manufacture - Denial of CENVAT Credit - Cutting and slitting of stainless steel coil - Rule 14 of the Cenvat Credit Rules, 2004 - Section 5 B of the Central Excise Act, 1944 - Assessee had paid the duty after reversing the credit and from PLA - Held that:- Prima facie the applicant had a strong case, in view of the decision in the case of Ajinkya Enterprises (2012 (7) TMI 141 - BOMBAY HIGH COURT) relied upon by the assessee, waive the pre-deposit of duty, interest and penalty and recovery thereon stayed during the pendency of the appeal. Waive the pre-deposit of duty, interest and penalty. Stay application allowed.
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