CESTAT Chennai: Waiver of Predeposit for Inadmissible Cenvat Credit

The Appellate Tribunal CESTAT, Chennai waived the predeposit of Rs. 85,13,046 due to inadmissible Cenvat credit, following a Gujarat High Court decision. Recovery was stayed pending appeal as the demand was confirmed due to the invalidity of documents caused by the input service distributor's unregistered status.

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The Appellate Tribunal CESTAT, Chennai heard an application for waiver of predeposit of Rs. 85,13,046 due to inadmissible Cenvat credit. The demand was confirmed as the input service distributor was not registered, making the documents invalid. Relying on a Gujarat High Court decision, predeposit of the amounts was dispensed with and recovery stayed pending appeal.

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