2016 (2) TMI 485

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..... e applicant has already deposited a sum of ₹ 6.5 crore pending the appeal before the Tribunal, under the circumstances, having regard to the peculiar facts and circumstances of the case, the respondent be restrained from enforcing coercive recovery of duty against the applicant pursuant to the impugned order. Having regard to the submissions advanced by the learned counsel for the applica .....

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..... bunal, however, held in favour of the applicant and held that the applicant was entitled to the benefit of the said exemption notifications. It was submitted that the aforesaid amount is sought to be recovered from the applicant mainly on the ground that once the applicant had paid the amount by way of utilizing Cenvat credit, it was not permissible for the applicant to suo motu reverse the Cenvat .....

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