https://www.taxtmi.com/caselaws?id=238792 The Tribunal allowed early hearing of the stay application despite opposition, addressing the demand for wrongly availed CENVAT credit, interest, and penalty. The appellant's bonafide belief and immediate action in reversing the credit with interest led to the waiver of predeposit of penalty and a stay against its recovery during the appeal. The Tribunal considered conflicting views on CENVAT credit eligibility and the appellant's compliance in debiting the duty amount promptly. en-us Tue, 06 Aug 2013 00:00:00 +0530 Thu, 31 Oct 2013 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238792 The Tribunal allowed early hearing of the stay application despite opposition, addressing the demand for wrongly availed CENVAT credit, interest, and penalty. The appellant's bonafide belief and immediate action in reversing the credit with interest led to the waiver of predeposit of penalty and a stay against its recovery during the appeal. The Tribunal considered conflicting views on CENVAT credit eligibility and the appellant's compliance in debiting the duty amount promptly. Case-Laws Central Excise Tue, 06 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238792