https://www.taxtmi.com/caselaws?id=238685 The Appellate Tribunal CESTAT KOLKATA granted the applicant's request for waiver of pre-deposit of cenvat credit and penalty under Section 11AC of the Central Excise Act, 1944. The Tribunal accepted the applicant's claim that the total liability post-registration as 'Input Service Distributor' was around Rs.53.00 lakhs. The applicant was directed to deposit Rs.5.00 lakhs within six weeks, with the balance amount waived, and recovery stayed during the appeal process. The Revenue was given liberty to verify the claimed payment of Rs.19.00 lakhs and approach the Tribunal in case of any discrepancies. en-us Fri, 26 Jul 2013 00:00:00 +0530 Tue, 29 Oct 2013 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238685 The Appellate Tribunal CESTAT KOLKATA granted the applicant's request for waiver of pre-deposit of cenvat credit and penalty under Section 11AC of the Central Excise Act, 1944. The Tribunal accepted the applicant's claim that the total liability post-registration as 'Input Service Distributor' was around Rs.53.00 lakhs. The applicant was directed to deposit Rs.5.00 lakhs within six weeks, with the balance amount waived, and recovery stayed during the appeal process. The Revenue was given liberty to verify the claimed payment of Rs.19.00 lakhs and approach the Tribunal in case of any discrepancies. Case-Laws Central Excise Fri, 26 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238685