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2015 (7) TMI 308 - AT - Central ExciseWaiver of pre deposit - Denial of the benefit of Notification No.10/1997 dt. 01/03/1997 - Direct supply of goods not done - Held that:- Assessee have already paid 5% of the value of the same in terms of the provisions of Rule 6(3) of CENVAT Credit Rules inasmuch as they were availing CENVAT credit in respect of common inputs. The said amount comes to around ₹ 1.22 lakhs (approximately). By treating the same as sufficient, we dispense with the condition of predeposit of balance dues and entire interest and penalty - Stay granted.
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