2012 (12) TMI 179

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....Rep by: Shri S D Dewalwar, Addl Commr. (AR) Per: Sahab Singh: This is an application for waiver of pre-deposit of Rs. 1,73,674/- as duty and penalty of Rs. 25,000/- confirmed in the Order-in-Appeal dated 30.09.2010. 2. The issue involved in the appeal is whether the applicant is required to reverse the CENVAT credit in respect of inputs lying in stock on 31.03.2008. CENVAT credit involved....

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....239 (P&H). In this case the Hon'ble High Court has held that while opting for SSI exemption the assessee is not required to reverse the CENVAT credit. He therefore, submitted that the pre-deposit of amount may be waived for hearing. 4. Learned Commissioner Authorised Representative appearing for the Revenue submitted that the Commissioner (Appeals) in his Order-in-Appeal has discussed the issue....