2009 (1) TMI 686

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....i N.J. Kumaresh, SDR, for the Respondent. [Order]. - The impugned order sustained demand of Rs. 4,81,085/- held to be wrongly utilized Cenvat credit and applicable interest under Rule 12 of the Cenvat Credit Rules, 2002 (CCR) raised on the applicant M/s. Kave Textile Mills Salem (P) Ltd. Equal amount of penalty was also imposed on the applicant under Rule 13 of the CCR. 2. Facts of t....

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....30/04. As per the order-in-original duty due in terms of Notification No. 29/04 for clearances made by the applicant from 9-7-04 was discharged by the applicant. The demand of Rs. 4,81,025/- represents credit balance as on 8-7-04 and the accrued credit availed by the applicant during July 2004. 3. Heard both sides. 4. The impugned demand represents Cenvat credit availed and utilize....