https://www.taxtmi.com/caselaws?id=113919 The Appellate Tribunal CESTAT, Chennai denied Cenvat credit of Rs. 11,75,355/- to the appellants for Orthoxylene and Benzene quantities imported due to discrepancies. A penalty of Rs. 2,00,000/- was imposed alongside the credit denial. The shortfall in input quantities was attributed to natural causes by the appellants, but the tribunal upheld the denial and penalty. The appellants' request for a pre-deposit waiver was partially denied, requiring a deposit of Rs. 5,00,000/- within six weeks. en-us Fri, 04 Jun 2004 00:00:00 +0530 Wed, 09 May 2012 12:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113919 The Appellate Tribunal CESTAT, Chennai denied Cenvat credit of Rs. 11,75,355/- to the appellants for Orthoxylene and Benzene quantities imported due to discrepancies. A penalty of Rs. 2,00,000/- was imposed alongside the credit denial. The shortfall in input quantities was attributed to natural causes by the appellants, but the tribunal upheld the denial and penalty. The appellants' request for a pre-deposit waiver was partially denied, requiring a deposit of Rs. 5,00,000/- within six weeks. Case-Laws Central Excise Fri, 04 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113919