https://www.taxtmi.com/caselaws?id=242843 The Appellate Tribunal CESTAT Ahmedabad granted the appellant's request for waiver of pre-deposit of duty, interest, and penalty amounting to Rs.4,32,239. The core issue was the reversal of CENVAT Credit on common inputs used for manufacturing sugar. The Tribunal relied on a precedent regarding a similar case involving Bagasse, where it was held that there was no need to reverse 5% of its value. Citing the judgment in the case of Manakpur Chini Mills, which supported the appellant's position, the Tribunal allowed the waiver applications and stayed recovery pending appeal disposal. en-us Tue, 26 Feb 2013 00:00:00 +0530 Thu, 19 Dec 2013 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242843 The Appellate Tribunal CESTAT Ahmedabad granted the appellant's request for waiver of pre-deposit of duty, interest, and penalty amounting to Rs.4,32,239. The core issue was the reversal of CENVAT Credit on common inputs used for manufacturing sugar. The Tribunal relied on a precedent regarding a similar case involving Bagasse, where it was held that there was no need to reverse 5% of its value. Citing the judgment in the case of Manakpur Chini Mills, which supported the appellant's position, the Tribunal allowed the waiver applications and stayed recovery pending appeal disposal. Case-Laws Central Excise Tue, 26 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242843