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of <h1>Appellate Tribunal grants waiver of pre-deposit and stay of recovery in Cenvat credit dispute</h1> <h3>VSL STEELS LTD. Versus COMMISSIONER OF CENTRAL EXCISE, BANGALORE</h3> The Appellate Tribunal CESTAT Bangalore granted waiver of pre-deposit and stay of recovery to the appellant. Cenvat credit of Rs. 12,31,828/- was denied ... Waiver of pre-deposit - Stay of recovery - Denial of Cenvat credit - Held that:- Debit notes disclose all the essential particulars required of a statutory invoice. Prima facie, one should not look at the title of the document but should rather see the contents thereof to determine its status - Following decision of CCE, Salem v. Pallipalayam Spinners (P) Ltd. [2010 (9) TMI 951 - CESTAT CHENNAI] - Stay granted. The Appellate Tribunal CESTAT Bangalore granted waiver of pre-deposit and stay of recovery to the appellant. Cenvat credit of Rs. 12,31,828/- was denied by lower authorities, but the Tribunal found a prima facie case for the appellant as the 'debit notes' issued by service providers contained essential particulars similar to a statutory invoice. The Tribunal referred to a previous case where debit notes were accepted for Cenvat credit.
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