https://www.taxtmi.com/caselaws?id=219896 The Appellate Tribunal CESTAT MUMBAI granted a complete waiver of pre-deposit of duty, interest, and penalty amounting to Rs.8,25,84,371 to the applicants involved in manufacturing Glass Fibre. The Tribunal found that the applicants had a strong prima facie case for the waiver as the disputed credit for capital goods, specifically Bushings, was eligible for availing CENVAT Credit under Rule 4(2)(a) & (b) of the Cenvat Credit Rules, 2004. The recovery was stayed during the appeal process, and the matter was directed for final hearing due to the substantial duty amount at stake. en-us Thu, 20 Sep 2012 00:00:00 +0530 Tue, 01 Jan 2013 11:52:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219896 The Appellate Tribunal CESTAT MUMBAI granted a complete waiver of pre-deposit of duty, interest, and penalty amounting to Rs.8,25,84,371 to the applicants involved in manufacturing Glass Fibre. The Tribunal found that the applicants had a strong prima facie case for the waiver as the disputed credit for capital goods, specifically Bushings, was eligible for availing CENVAT Credit under Rule 4(2)(a) & (b) of the Cenvat Credit Rules, 2004. The recovery was stayed during the appeal process, and the matter was directed for final hearing due to the substantial duty amount at stake. Case-Laws Central Excise Thu, 20 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219896