https://www.taxtmi.com/caselaws?id=266037 The application for stay filed by the Revenue seeking to recover penalty confirmed by the adjudication order was dismissed, as it was deemed unjust to solely allow recovery based on the reduced penalty. On the other hand, the assessee's request for a stay of part of the impugned order related to the denial of Cenvat credit was granted. The Member considered the argument that the denial of Cenvat credit was unsustainable due to a specific case declaring a relevant rule ultra vires, leading to a complete waiver of the pre-deposit requirement for the disputed amounts during the appeal process. en-us Tue, 24 Feb 2015 00:00:00 +0530 Sat, 17 Oct 2015 22:18:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266037 The application for stay filed by the Revenue seeking to recover penalty confirmed by the adjudication order was dismissed, as it was deemed unjust to solely allow recovery based on the reduced penalty. On the other hand, the assessee's request for a stay of part of the impugned order related to the denial of Cenvat credit was granted. The Member considered the argument that the denial of Cenvat credit was unsustainable due to a specific case declaring a relevant rule ultra vires, leading to a complete waiver of the pre-deposit requirement for the disputed amounts during the appeal process. Case-Laws Central Excise Tue, 24 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266037