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2015 (3) TMI 517 - CESTAT MUMBAIWaiver of pre deposit - CENVAT Credit - credit taken on molasses and mash tone - Held that:- As far as the demand for reversal of credit in respect of molasses consumed in the manufacture of denatured spirit, prima facie , we do not find any merit in the contention of the Revenue that the appellant was not entitled to take credit at all. As regards the reversal of credit on rectified spirit cleared as such the appellant has discharged a sum @6% of the value of the rectified spirit cleared as such. In these circumstances, and also considering the decisions of the Tribunal [2006 (9) TMI 59 - CESTAT,BANGALORE] and [2007 (4) TMI 31 - CESTAT,BANGALORE], the appellant has made out a strong case for grant of waiver of pre-deposit. Accordingly, we grant unconditional waiver from pre-deposit of the dues adjudged against the appellant and stay recovery thereof during the pendency of the appeal. - Stay granted.
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