2012 (12) TMI 299

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...., for the Respondent. [Order]. -  This stay petition is filed for the waiver of pre-deposit of the amounts confirmed by the adjudicating authority and upheld by the first appellate authority. 2. After hearing both sides for sometime on the stay petition, I find that the appeal itself could be disposed of at this juncture as it lies in a narrow compass. Accordingly, after allowin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....aving reversed the amount of Cenvat credit, it is mandatory on him to pay the interest on amounts improperly availed under Rule 14 of Cenvat Credit Rules, 2004. I hold that the appellant is liable to pay interest on the said amount of Cenvat credit which has been improperly/irregularly availed by him and reversed by him. 6. As regards penalty, I find that the appellant should be given the ....