https://www.taxtmi.com/caselaws?id=242892 An application for waiver of pre-deposit and stay of recovery in an appeal against duty and equal penalty under Rule 15(2) of the Cenvat Credit Rules, 2004 read with Section 11AC of the Central Excise Act was considered on the basis of competing claims regarding wheel sets imported under the DEEC scheme and alleged non-requirement of CVD reversal on clearance to the appellant's own unit. Taking the record and the appellant's offer of a limited deposit into account, the Tribunal directed pre-deposit of Rs. 10 lakhs within four weeks. On compliance, the balance dues were waived and recovery was stayed during pendency of the appeal. en-us Thu, 21 Feb 2013 00:00:00 +0530 Thu, 23 Jan 2014 06:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242892 An application for waiver of pre-deposit and stay of recovery in an appeal against duty and equal penalty under Rule 15(2) of the Cenvat Credit Rules, 2004 read with Section 11AC of the Central Excise Act was considered on the basis of competing claims regarding wheel sets imported under the DEEC scheme and alleged non-requirement of CVD reversal on clearance to the appellant's own unit. Taking the record and the appellant's offer of a limited deposit into account, the Tribunal directed pre-deposit of Rs. 10 lakhs within four weeks. On compliance, the balance dues were waived and recovery was stayed during pendency of the appeal. Case-Laws Central Excise Thu, 21 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242892