2009 (8) TMI 412

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....nt. M. Ravi Rajendran for the Respondent. ORDER M.V. Ravindran, Judicial Member - This stay petition is directed against the pre-deposit of following amounts :— (a) Demand - Rs. 4,72,151 (b) Interest under section 11AB (c) Penalty - Rs. 4,72,151 2. Heard both sides and perused the records. The confirmation of the demand has arisen on the ground that the applicant had availed CE....

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....ry Bench in the case of Stanzen Toyotetsu India (P.) Ltd. v. CCE [2009] 21 STT 321 (Bang. - CESTAT). 4. Ld. DR submits that the appellant could have complied with the order of the stay and then agitated the issue before the lower authorities. 5. On perusal of the records, we find that the issue seems to be covered in favour of the appellant by the Larger Bench decision of the Tribunal in GTC....