2011 (8) TMI 954

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..... Oral): Heard both sides extensively on the stay petition. 2. The conduct of both sides appears to be unacceptable. 3. The facts emanating from the records are that the applicants were entitled to refund of Rs.25/- lakhs which amount was pre-deposited in terms of three different interim orders of CESTAT as the Final Order dated 20.6.2006 was in their favour. In fact, in pursuance of the above sa .....

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..... Original Authority vide order dated 3.12.2009 held that credit taken suo motto by the applicant was not legal, consequently, demanded Rs.25/- lakh being short paid during the month of March 2008 inasmuch as the said credit was used for clearances. He also demanded interest and in addition, imposed penalty of Rs. 15/- lakhs. The Commissioner (A) vide order dated 29.7.2010 upheld the order of the Or .....

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