https://www.taxtmi.com/caselaws?id=116828 Cenvat credit on molasses used in a composite unit was examined in the context of waiver of pre-deposit and stay of recovery. The Tribunal noted that credit attributable to the exempted product had been reversed, duty had already been paid on the molasses, and the record did not show any revenue loss. It also found the objection based on the assessee's own invoice under Rule 7 of the Cenvat Credit Rules, 2002 to be contentious on the facts before it. On that basis, a strong prima facie case for interim relief was made out and full waiver of pre-deposit of duty and penalty, with stay of recovery, was granted. en-us Wed, 09 Nov 2005 00:00:00 +0530 Mon, 18 Jun 2012 11:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116828 Cenvat credit on molasses used in a composite unit was examined in the context of waiver of pre-deposit and stay of recovery. The Tribunal noted that credit attributable to the exempted product had been reversed, duty had already been paid on the molasses, and the record did not show any revenue loss. It also found the objection based on the assessee's own invoice under Rule 7 of the Cenvat Credit Rules, 2002 to be contentious on the facts before it. On that basis, a strong prima facie case for interim relief was made out and full waiver of pre-deposit of duty and penalty, with stay of recovery, was granted. Case-Laws Central Excise Wed, 09 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116828