https://www.taxtmi.com/caselaws?id=32146 Suo motu availment of Cenvat credit was treated as impermissible, even though the appellant later reversed the credit with education cess and interest. The Tribunal accepted the plea of bona fide belief only to the extent that the record disclosed a prima facie case on penalty, but not enough to justify complete waiver of pre-deposit. Partial waiver was therefore granted, a reduced amount was directed to be deposited towards penalty, and the balance was stayed subject to compliance with the pre-deposit order. en-us Mon, 23 Jun 2008 00:00:00 +0530 Sat, 17 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32146 Suo motu availment of Cenvat credit was treated as impermissible, even though the appellant later reversed the credit with education cess and interest. The Tribunal accepted the plea of bona fide belief only to the extent that the record disclosed a prima facie case on penalty, but not enough to justify complete waiver of pre-deposit. Partial waiver was therefore granted, a reduced amount was directed to be deposited towards penalty, and the balance was stayed subject to compliance with the pre-deposit order. Case-Laws Service Tax Mon, 23 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32146