Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2015 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (3) TMI 292 - AT - Central ExciseWaiver of pre deposit - Demand of interest - wrong availment of CENVAT credit - Held that:- Considering the Hon’ble Supreme Court’s decisions in the case of Ind-Swift Laboratories Ltd. (2011 (2) TMI 6 - Supreme Court) and the Hon’ble Madras High Court’s decision in the case of Sundaram Fasteners Ltd. (2014 (2) TMI 551 - MADRAS HIGH COURT), the appellants are prima facie has not made out a case for full waiver of interest. Regarding the contention of the learned counsel for the appellants on the issue of time-bar, the same will be examined at the time of final hearing. It is also seen from the impugned order, the appellant has admitted that if at all any interest liability arises, it should be for the period from July 2007 to November 2007 and the amount of interest is approximately ₹ 1.20 lakhs - Partial stay granted.
|