2006 (3) TMI 500

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.... Shri Uday Kumar, JDR, for the Respondent. [Order]. - This stay application is directed against the demand of duty of Rs. 60,851/- and penalty of Rs. 10,000/-. Since the issue involved in this case is a narrow compass, I dispense with the condition of pre-deposit of the amount of duty and penalty and take up the appeal for disposal with the consent of both sides. 2. Considered the ....

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.... they are eligible to avail credit on such duty paying documents, is on wrong understanding of the law. The proviso was inserted in Rule 57G on 26-9-95. The appellants had still one month to avail the credit on the documents. They chose not to do so. Ignorance of law cannot be bliss and they should have been the vigilant enough to keep a track of changing of law and should have acted fast to avail....