https://www.taxtmi.com/caselaws?id=239446 The Tribunal partially granted waiver of pre-deposit in two Cenvat Credit appeals totaling Rs.4,54,28,131/- and Rs.15,00,544.66 plus penalties. Despite the applicant's financial distress and company closure since November 2010, the Tribunal maintained its consistent approach requiring 25% deposit of Cenvat Credit amounts (approximately Rs.16.68 Lakhs and Rs.15.00 Lakhs) for the normal period within eight weeks. The Tribunal rejected arguments that the deposit would be burdensome, ordering that upon compliance, balance dues would be waived and recovery stayed during appeal pendency, with non-compliance resulting in automatic dismissal. en-us Fri, 05 Jul 2013 00:00:00 +0530 Wed, 02 Jul 2025 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239446 The Tribunal partially granted waiver of pre-deposit in two Cenvat Credit appeals totaling Rs.4,54,28,131/- and Rs.15,00,544.66 plus penalties. Despite the applicant's financial distress and company closure since November 2010, the Tribunal maintained its consistent approach requiring 25% deposit of Cenvat Credit amounts (approximately Rs.16.68 Lakhs and Rs.15.00 Lakhs) for the normal period within eight weeks. The Tribunal rejected arguments that the deposit would be burdensome, ordering that upon compliance, balance dues would be waived and recovery stayed during appeal pendency, with non-compliance resulting in automatic dismissal. Case-Laws Central Excise Fri, 05 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239446