https://www.taxtmi.com/caselaws?id=242941 The Appellate Tribunal CESTAT Kolkata granted the applicant's request for waiver of pre-deposit of cenvat credit and penalty amounting to Rs.2,80,038/- under Rule 15 (1) of Cenvat Credit Rules, 2004. Despite finding that cenvat credit may not be admissible on the items due to a non-manufacturing process, the Tribunal noted that duty was paid on the finished goods, resulting in no revenue loss. Thus, the Tribunal waived the pre-deposit and stayed the recovery during the appeal process to prevent potential injustice to the applicant. en-us Tue, 19 Feb 2013 00:00:00 +0530 Fri, 24 Jan 2014 09:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242941 The Appellate Tribunal CESTAT Kolkata granted the applicant's request for waiver of pre-deposit of cenvat credit and penalty amounting to Rs.2,80,038/- under Rule 15 (1) of Cenvat Credit Rules, 2004. Despite finding that cenvat credit may not be admissible on the items due to a non-manufacturing process, the Tribunal noted that duty was paid on the finished goods, resulting in no revenue loss. Thus, the Tribunal waived the pre-deposit and stayed the recovery during the appeal process to prevent potential injustice to the applicant. Case-Laws Central Excise Tue, 19 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242941