https://www.taxtmi.com/caselaws?id=121806 The tribunal upheld the demand of duty and penalties on the appellants, totaling over Rs. 1.62 crores, rejecting their challenge based on limitation. Regarding the admissibility of CENVAT credit on imported inputs, the tribunal required a 50% pre-deposit for disallowed credit and granted a waiver for the remaining duty and penalties upon compliance. The appellants were directed to pre-deposit Rs. 80,00,000 within four weeks, emphasizing the significance of compliance with the pre-deposit requirement for further proceedings on the duty and penalties. en-us Thu, 21 Jun 2007 00:00:00 +0530 Mon, 06 Aug 2012 15:10:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121806 The tribunal upheld the demand of duty and penalties on the appellants, totaling over Rs. 1.62 crores, rejecting their challenge based on limitation. Regarding the admissibility of CENVAT credit on imported inputs, the tribunal required a 50% pre-deposit for disallowed credit and granted a waiver for the remaining duty and penalties upon compliance. The appellants were directed to pre-deposit Rs. 80,00,000 within four weeks, emphasizing the significance of compliance with the pre-deposit requirement for further proceedings on the duty and penalties. Case-Laws Central Excise Thu, 21 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121806