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    <title>2014 (5) TMI 33 - CESTAT BANGALORE</title>
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    <description>The Tribunal directed the petitioner to make a partial deposit of Rs. Two crores and twenty lakhs within eight weeks as a condition for waiver of pre-deposit and stay of recovery proceedings. The claim for immunity under Section 73 (3) of the Finance Act, 1994 was rejected, leading to disallowance of Cenvat credit and imposition of penalties and interest. The Tribunal emphasized compliance with the deposit requirement, warning of immediate dissolution of the stay if not met, resulting in the rejection of the appeal for failure to pre-deposit.</description>
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      <link>https://www.taxtmi.com/caselaws?id=247106</link>
      <description>The Tribunal directed the petitioner to make a partial deposit of Rs. Two crores and twenty lakhs within eight weeks as a condition for waiver of pre-deposit and stay of recovery proceedings. The claim for immunity under Section 73 (3) of the Finance Act, 1994 was rejected, leading to disallowance of Cenvat credit and imposition of penalties and interest. The Tribunal emphasized compliance with the deposit requirement, warning of immediate dissolution of the stay if not met, resulting in the rejection of the appeal for failure to pre-deposit.</description>
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      <pubDate>Wed, 10 Jul 2013 00:00:00 +0530</pubDate>
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