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TMI Blog2014 (4) TMI 575X X X X Extracts X X X X X X X X Extracts X X X X ..... iled this application for waiver of predeposit of CENVAT credit of Rs.5,64,314/- and penalty of equal amount along with interest. 2. After hearing both sides and on perusal of the case records, we find that credit was denied on the ground that it was taken on the basis of debit notes. Learned consultant for the applicant submits that the Commissioner (Appeals) has observed that the applicant is e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the third party, CHA issued debit notes. Hence, the applicant has failed to make out a prima facie case for waiver of predeposit of entire amount of credit and penalty. In view of that, the applicant is directed to pre-deposit a sum of Rs.1,00,000/- (Rupees One lakh only) within 6 weeks. Upon such deposit, the predeposit of balance amount of credit, along with interest and penalty is waived and r ..... X X X X Extracts X X X X X X X X Extracts X X X X
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