https://www.taxtmi.com/caselaws?id=267560 The Appellate Tribunal CESTAT Chennai upheld the demand and recovery of ineligible cenvat credit due to the availment of credit on invoices without receiving inputs, particularly Aluminium Scrap. Penalties were imposed on the main appellant and co-noticees. The Tribunal required certain appellants to make predeposits, which, upon compliance, resulted in the waiver of balance duty and penalties for the main appellant and its Director, with recovery stayed during the appeal. For other appellants, compliance led to the waiver of balance penalties, with recovery stayed during the appeal process. Previous deposits were to be adjusted against the specified predeposit amounts. en-us Mon, 06 Jul 2015 00:00:00 +0530 Mon, 09 Nov 2015 15:22:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267560 The Appellate Tribunal CESTAT Chennai upheld the demand and recovery of ineligible cenvat credit due to the availment of credit on invoices without receiving inputs, particularly Aluminium Scrap. Penalties were imposed on the main appellant and co-noticees. The Tribunal required certain appellants to make predeposits, which, upon compliance, resulted in the waiver of balance duty and penalties for the main appellant and its Director, with recovery stayed during the appeal. For other appellants, compliance led to the waiver of balance penalties, with recovery stayed during the appeal process. Previous deposits were to be adjusted against the specified predeposit amounts. Case-Laws Central Excise Mon, 06 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267560