https://www.taxtmi.com/caselaws?id=221186 The court allowed the stay petition for waiver of pre-deposit of penalty and disposed of the appeal due to the narrow issue scope. The appellant's appeal concerning ineligible CENVAT Credit was rejected on merit, despite showcasing substantial credit in their books. The penalty imposed on the appellant was deemed unjustified due to their significant existing credit balance, leading the court to set aside the penalty and allow the appeal against it. en-us Fri, 07 Sep 2012 00:00:00 +0530 Wed, 23 Jan 2013 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221186 The court allowed the stay petition for waiver of pre-deposit of penalty and disposed of the appeal due to the narrow issue scope. The appellant's appeal concerning ineligible CENVAT Credit was rejected on merit, despite showcasing substantial credit in their books. The penalty imposed on the appellant was deemed unjustified due to their significant existing credit balance, leading the court to set aside the penalty and allow the appeal against it. Case-Laws Central Excise Fri, 07 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221186