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2013 (11) TMI 1160 - AT - Central ExciseIneligible Cenvat credit - Excess credit taken – Interest and Penalty – Waiver of pre-deposit –Assessee contended that for the amount taken as credit and not utilized, no interest is payable - Held that:- As regards Penalty, the arguments put-forth by the learned counsel merits acceptance - As regards the interest liability, I find that the issue needs deeper consideration - the appellant needs to put to some condition - the appellant directed to deposit an amount of Rupees twenty five thousand as pre-deposit for the interest – upon such submission rest of the interest amount to be waived till the disposal – Partial stay granted.
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