CESTAT Bangalore: Stay Granted on Pre-deposit for Cenvat Credit Dispute

The Appellate Tribunal CESTAT, Bangalore granted a stay petition, waiving the pre-deposit of Cenvat credit, interest, and penalty. The issue revolved around the eligibility of Cenvat credit on technical know-how from a foreign entity. The applicant was found eligible for the credit, and recovery was halted pending appeal.

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The Appellate Tribunal CESTAT, Bangalore allowed a stay petition for waiver of pre-deposit of Cenvat credit, interest, and penalty. The issue involved the availment of Cenvat credit on technical know-how received from a foreign company. The applicant was deemed eligible for the credit, and recovery was stayed pending appeal.

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