https://www.taxtmi.com/caselaws?id=237720 The Tribunal upheld the denial of CENVAT credit of Rs.6,01,000/- to M/s. EIFCO Machine Tools Pvt. Ltd. and imposed a penalty of Rs.3,15,551/- on M/s. Chennai Steels. M/s. EIFCO was directed to predeposit Rs.2,50,000/- and M/s. Chennai Steels to predeposit Rs.30,000/-, with a stay on recovery during the appeal process. The Tribunal relied on past decisions, including Sueera Alloys Global Pvt. Ltd. case, in determining predeposit amounts. The judgment carefully considered arguments and evidence from both parties, ensuring adherence to legal principles and precedents. en-us Fri, 20 Sep 2013 00:00:00 +0530 Sat, 05 Oct 2013 08:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237720 The Tribunal upheld the denial of CENVAT credit of Rs.6,01,000/- to M/s. EIFCO Machine Tools Pvt. Ltd. and imposed a penalty of Rs.3,15,551/- on M/s. Chennai Steels. M/s. EIFCO was directed to predeposit Rs.2,50,000/- and M/s. Chennai Steels to predeposit Rs.30,000/-, with a stay on recovery during the appeal process. The Tribunal relied on past decisions, including Sueera Alloys Global Pvt. Ltd. case, in determining predeposit amounts. The judgment carefully considered arguments and evidence from both parties, ensuring adherence to legal principles and precedents. Case-Laws Central Excise Fri, 20 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237720