https://www.taxtmi.com/caselaws?id=239948 The Tribunal granted a total waiver of pre-deposit of CENVAT Credit amounting to Rs.4.35 crores and an equal penalty imposed under Rule 15(2) of Cenvat Credit Rules, 2004. The applicant, facing challenges due to exempted products in manufacturing, was allowed to opt for Clause (ii) of Sub-Rule (3) of Rule 6 despite initial data unavailability. The recovery was stayed during the appeal process based on the Tribunal's decision considering a similar case by the Larger Bench. en-us Tue, 14 May 2013 00:00:00 +0530 Mon, 29 May 2023 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239948 The Tribunal granted a total waiver of pre-deposit of CENVAT Credit amounting to Rs.4.35 crores and an equal penalty imposed under Rule 15(2) of Cenvat Credit Rules, 2004. The applicant, facing challenges due to exempted products in manufacturing, was allowed to opt for Clause (ii) of Sub-Rule (3) of Rule 6 despite initial data unavailability. The recovery was stayed during the appeal process based on the Tribunal's decision considering a similar case by the Larger Bench. Case-Laws Central Excise Tue, 14 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239948