https://www.taxtmi.com/caselaws?id=125468 The Tribunal dismissed the Revenue's Stay Petition as granting a stay would result in the restoration of penalties, enabling the Revenue to recover them, which was not permissible at the interim stage. The issue was deferred for the final hearing. Regarding the assessee's Stay Petition, the Tribunal directed the assessee to pre-deposit a specified amount towards duty within a deadline, failing which the appeal would be dismissed without further notice. The Tribunal found that the assessee availed credit on chemicals not received in their factory, violating Cenvat Credit Rules, and cited inapplicability of case laws related to previous rules. en-us Fri, 20 Mar 2009 00:00:00 +0530 Thu, 25 Oct 2012 14:40:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125468 The Tribunal dismissed the Revenue's Stay Petition as granting a stay would result in the restoration of penalties, enabling the Revenue to recover them, which was not permissible at the interim stage. The issue was deferred for the final hearing. Regarding the assessee's Stay Petition, the Tribunal directed the assessee to pre-deposit a specified amount towards duty within a deadline, failing which the appeal would be dismissed without further notice. The Tribunal found that the assessee availed credit on chemicals not received in their factory, violating Cenvat Credit Rules, and cited inapplicability of case laws related to previous rules. Case-Laws Central Excise Fri, 20 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125468