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2013 (2) TMI 469 - CESTAT MUMBAIReversal of CENVAT credit wrongly taken - seeking stay in respect of the interest and penalty - Held that:- In as much as the appellant is not disputing the tax liability they cannot dispute the liability to pay interest as the interest is a consequential liability on account of delay in payment of tax. Thus the appellant directed to make a pre-deposit of interest liability within six weeks and report compliance on 26.10.2012. On such compliance being reported, pre-deposit of penalty is waived and recovery thereof stayed during the pendency of the appeal
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