https://www.taxtmi.com/caselaws?id=154932 The Appellate Tribunal CESTAT NEW DELHI granted a stay of an order requiring payment of Rs. 1,52,59,729/- with interest and a penalty of Rs. 30 lakhs. The case involved a challenge to the alleged misuse of Rule 6(2)(3)(a) of the Cenvat Credit Rules despite maintaining separate accounts for cenvatable and non-cenvatable inputs. The Tribunal emphasized the significance of resolving whether an assessee could benefit from Rule 6(3) in cases of non-compliance with Rule 6(2), citing the Nicholas Piramel (I) Ltd. v. CCE, Thane-I decision. The Tribunal prioritized an expedited hearing to address the legal complexities involved in the case. en-us Fri, 25 Sep 2009 00:00:00 +0530 Fri, 30 Aug 2013 14:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154932 The Appellate Tribunal CESTAT NEW DELHI granted a stay of an order requiring payment of Rs. 1,52,59,729/- with interest and a penalty of Rs. 30 lakhs. The case involved a challenge to the alleged misuse of Rule 6(2)(3)(a) of the Cenvat Credit Rules despite maintaining separate accounts for cenvatable and non-cenvatable inputs. The Tribunal emphasized the significance of resolving whether an assessee could benefit from Rule 6(3) in cases of non-compliance with Rule 6(2), citing the Nicholas Piramel (I) Ltd. v. CCE, Thane-I decision. The Tribunal prioritized an expedited hearing to address the legal complexities involved in the case. Case-Laws Central Excise Fri, 25 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154932