2013 (1) TMI 220

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....ocate       Per : Mr. M.V. Ravindran;   This stay petition is filed for the waiver of pre-deposit of Rs. 19,59,501/- confirmed as duty, interest thereof and penalty of equal amount under Section 11AC of Central Excise Act, 1944, read with the provisions of Rule 15 (2) of Cenvat Credit Rules, 2004.   2. The above said amounts have been confirmed by the adjud....

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....s Dyechem Industries vs. CCE, Ahmd. 2010 (257) ELT 113 and submits that the first appellate authority has not recorded any finding on the merits of the case.   5. On mere perusal of the record, we find that the appellant has already reversed the entire amount of ineligible cenvat credit confirmed by the adjudicating authority under protest. In our view, the first appellate authority should....