Appellate Tribunal Waives Pre-deposit for Cenvat Credit, Interest, and Penalty

The Appellate Tribunal CESTAT Ahmedabad allowed the Stay Petition, waiving the pre-deposit of Rs. 14,94,950 wrongly confirmed as Cenvat credit, interest, and penalty. The Tribunal considered the services essential for the appellant's business operations, particularly the refinery, and stayed the recovery of the amounts pending appeal disposal.

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The Appellate Tribunal CESTAT Ahmedabad allowed the Stay Petition for waiver of pre-deposit of Rs. 14,94,950/- wrongly confirmed as Cenvat credit, interest, and penalty under Rule 15(3) of Cenvat Credit Rules, 2004. The Tribunal found that the services availed by the appellant were necessary for the smooth running of their business, specifically the refinery. Recovery of the amounts involved was stayed until the appeal's disposal.

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