2012 (12) TMI 179

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..... (AR) Per: Sahab Singh: This is an application for waiver of pre-deposit of Rs. 1,73,674/- as duty and penalty of Rs. 25,000/- confirmed in the Order-in-Appeal dated 30.09.2010. 2. The issue involved in the appeal is whether the applicant is required to reverse the CENVAT credit in respect of inputs lying in stock on 31.03.2008. CENVAT credit involved on inputs contained in finished goods as we .....

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..... has held that while opting for SSI exemption the assessee is not required to reverse the CENVAT credit. He therefore, submitted that the pre-deposit of amount may be waived for hearing. 4. Learned Commissioner Authorised Representative appearing for the Revenue submitted that the Commissioner (Appeals) in his Order-in-Appeal has discussed the issue involved in para 11 and 12 of Order-in-Appeal a .....

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