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    <title>2009 (4) TMI 776 - CESTAT CHENNAI</title>
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    <description>The Tribunal found the issues debatable and denied an unconditional waiver but accepted the offer to freeze Rs. 4,00,00,000/- in the CENVAT credit account. Upon compliance, the predeposit of the remaining tax and penalty was waived, and recovery stayed pending appeal. Non-compliance would lead to the vacation of stay and dismissal of the appeal without prior notice, with a compliance report due on 10-7-2009.</description>
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      <description>The Tribunal found the issues debatable and denied an unconditional waiver but accepted the offer to freeze Rs. 4,00,00,000/- in the CENVAT credit account. Upon compliance, the predeposit of the remaining tax and penalty was waived, and recovery stayed pending appeal. Non-compliance would lead to the vacation of stay and dismissal of the appeal without prior notice, with a compliance report due on 10-7-2009.</description>
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