2012 (11) TMI 769

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..... spondent. [Order per : M.V. Ravindran, Member (J)]. -  This stay petition is filed for the waiver of pre-deposit of an amount of Rs. 45,17,498/- confirmed as the reversal of cenvat credit along with interest thereby and equivalent amount of penalty. 2. Heard both sides and perused the records. 3. The issue involved in this case is regarding the denial of cenvat credit to the app .....

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..... 2011 (270) E.L.T. 115 (Tri.- Mumbai) for the purpose. 5. Learned SDR would rely upon the decision of the Tribunal in the case of Mold-Tek Technologies Ltd. - 2006 (205) E.L.T. 415 (Tri.- Bang.) = 2008 (12) S.T.R. 532 (Tri-Bang.) wherein it has held that the cenvat credit should be taken within a period of one year which is reasonable. 6. On perusal of the records, we find that there i .....

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