2006 (12) TMI 434

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.... Dave and Rajesh Chander Kumar, Advocates, for the Appellant. Shri K. Sambi Reddy, JDR, for the Respondent. [Order per : S.L. Peeran, Member (J)(Oral)]. - The appellant is a PSU Unit. They have obtained clearance from the Committee of Secretaries to pursue this appeal. By this stay application, they are seeking waiver of pre-deposit of Rs. 19,44,64,354/- being 10% of the value of the good....

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....d. He refers to this Bench's order in CCE, Visakhapatnam v. Deccan Sugars - 2006 (199) E.L.T. 529 (Tri.-Bang.) wherein it has been clearly laid down that once the credit availed and inputs have been reversed in terms of the Rules, then the question of satisfying the demands does not arise. The learned Senior Counsel clarifies that they were in a position to identify the quantum of Crude Petroleum ....

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....d JDR relies on CCE, Mumbai v. Raymond Ltd. - 2004 (177) E.L.T. 691 (Tri.-Mumbai) wherein the situation is the same as above. Same thing has happened in Binani Zinc Ltd. v. CCE, Cochin - 2005 (187) E.L.T. 390 (Tri.-Bang.) and in National Information Technologies Ltd. v. CCE, Bhopal - 2005 (179) E.L.T. 404 (Tri.-Del.). 5. We have considered the submissions. We find from the present facts th....