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2015 (1) TMI 1087 - CESTAT KOLKATAWaiver of pre-deposit of cenvat credit - It is alleged by the Department on the basis of evidences collected that M/s Koolmint Manufacturing Company, do not have necessary infrastructure for manufacture of the inputs, therefore, the receipt and availment of cenvat credit by M/s Kaizen Organics Pvt. Ltd., on the said inputs were, accordingly irregular. - Held that:- an amount of ₹ 15.00 lakhs has been deposited by M/s Koolmint Manufacturing Company during adjudication and now the ld.C. A. for the Applicants, makes an offer to deposit further amount of ₹ 7.5 lakhs, which, in our opinion, is sufficient to hear their Appeals. In the result, we direct M/s Kaizen Organics Pvt. Ltd., to deposit ₹ 7.5 lakhs within a period of eight weeks from today and report compliance on 30.12.2014. On deposit of the said amount, the balance amount of dues adjudged against Applicant No. (i) & (iii) and all dues adjudged against Applicant No.(ii), i.e. Shri Vikash Bajoria, would stand waived and its recovery stayed during pendency of the appeals - Partial stay granted.
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