2012 (12) TMI 796

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.... S Kang: 1. Heard both sides. 2. Applicant filed this application for waiver of pre-deposit of duty of Rs.2,47,30,827/- and interest. 3. Applicants are engaged in the manufacture of pig iron. For the purpose of manufacture of pig iron, applicants are purchasing iron ore and metallurgical coke as basic inputs and during the process of screening iron ore fine and coke breezes come into existence.....

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.... amended to the effect that a manufacturer has to reverse credit proportionately in relation to the exempted goods. Hence the demand is not sustainable. 6. The revenue submitted that as the goods are not produced in the factory and cleared at nil rate of duty, therefore the applicants are liable to pay 5%/10% of the price of the goods as per the provisions of Rule 6 of the Cenvat Credit Rules. 7....