2012 (9) TMI 534

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....tion have been filed for waiver of pre-deposit of CENVAT Credit of Rs.19,37,374/-, interest thereof and penalties of Rs.19,37,374/-, and of Rs.1 lakh on appellant firm and its director respectively.   2. The above said amounts have been confirmed by the adjudicating authority as in-eligible CENVAT Credit availed by the appellant on the invoices which were issued by the companies which are no....

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....atters, the view of the Bench is to direct the assessee to deposit 20% of the amount of CENVAT Credit sought to be reversed. We do not find any reason to deviate from such a view taken in various other matters. In this case, as the appellate authority has not recorded any findings on the merits of the case, we find it necessary to send it back to the first appellate authority to consider the issue....