https://www.taxtmi.com/caselaws?id=250188 The Tribunal upheld the Central Excise duty demand of Rs. 55,04,474/- due to improper CENVAT Credit utilization, imposing penalties and interest under relevant provisions. The appellant's request for a waiver in the stay petition was denied, requiring them to deposit the duty amount in cash within four weeks to avail credit in their CENVAT account. Non-compliance with duty payment timelines and improper credit utilization during default periods were highlighted, emphasizing the legal obligations and consequences under Central Excise regulations. en-us Mon, 23 Jun 2014 00:00:00 +0530 Tue, 05 Aug 2014 02:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250188 The Tribunal upheld the Central Excise duty demand of Rs. 55,04,474/- due to improper CENVAT Credit utilization, imposing penalties and interest under relevant provisions. The appellant's request for a waiver in the stay petition was denied, requiring them to deposit the duty amount in cash within four weeks to avail credit in their CENVAT account. Non-compliance with duty payment timelines and improper credit utilization during default periods were highlighted, emphasizing the legal obligations and consequences under Central Excise regulations. Case-Laws Central Excise Mon, 23 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250188