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2014 (10) TMI 156 - AT - Central ExciseWavier of pre-deposit - Denial of input service credit - manufacturing as well as trading activity - Held that:- applicant is not entitled to take CENVAT credit. With regard to the limitation issue and the intention of the applicant to avail credit will be seen at the time of final hearing of the appeal. Therefore, at this stage, we direct the applicant to pre-deposit a sum of ₹ 70,00,000 within eight weeks from today. On such compliance being reported, balance amount of duty, interest and penalty shall remain waived during the pendency of the appeal. - Stay granted partly.
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