https://www.taxtmi.com/caselaws?id=239053 The Tribunal upheld the demand for CENVAT credit of Rs. 14,94,909/- for the period from 2006-07 to 2008-09, along with interest and penalty, against the appellant, a manufacturer of switch gears and light fittings. The Tribunal waived the pre-deposit requirement for the balance amount of the demand, interest, and penalty for the appeal hearing, with recovery stayed during the appeal's pendency. The appellant's argument that the demand was time-barred due to regular filing of ER-1 returns was not accepted, as they were found to have not reversed the CENVAT credit when opting for SSI exemption annually. en-us Mon, 15 Jul 2013 00:00:00 +0530 Tue, 05 Nov 2013 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239053 The Tribunal upheld the demand for CENVAT credit of Rs. 14,94,909/- for the period from 2006-07 to 2008-09, along with interest and penalty, against the appellant, a manufacturer of switch gears and light fittings. The Tribunal waived the pre-deposit requirement for the balance amount of the demand, interest, and penalty for the appeal hearing, with recovery stayed during the appeal's pendency. The appellant's argument that the demand was time-barred due to regular filing of ER-1 returns was not accepted, as they were found to have not reversed the CENVAT credit when opting for SSI exemption annually. Case-Laws Central Excise Mon, 15 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239053