https://www.taxtmi.com/caselaws?id=207970 The Appellate Tribunal CESTAT, Bangalore allowed the appellant's waiver application for the irregularly availed Cenvat credit of Rs. 2,57,22,325, interest, and penalty. The appellant's eligibility for the credit was confirmed based on proper duty paying documents and compliance with the demerger scheme approved by the High Courts. The waiver of interest and penalty under the Cenvat Credit Rules, 2004, was granted, with a stay on recovery pending appeal disposal, emphasizing procedural fairness and compliance with legal requirements in the adjudication process. en-us Mon, 23 May 2011 00:00:00 +0530 Thu, 22 Dec 2011 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207970 The Appellate Tribunal CESTAT, Bangalore allowed the appellant's waiver application for the irregularly availed Cenvat credit of Rs. 2,57,22,325, interest, and penalty. The appellant's eligibility for the credit was confirmed based on proper duty paying documents and compliance with the demerger scheme approved by the High Courts. The waiver of interest and penalty under the Cenvat Credit Rules, 2004, was granted, with a stay on recovery pending appeal disposal, emphasizing procedural fairness and compliance with legal requirements in the adjudication process. Case-Laws Service Tax Mon, 23 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207970