2013 (6) TMI 270

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....achan, Sri Binu Mathew, Sri Terry V James, Sri Tom Thomas, Adv For the Respondent : Sri John Varghese, Sr SC JUDGEMENT :- The petitioner, who is a Tyre Manufacturing Unit, is stated as aggrieved of the order passed by the third respondent, whereby the petitioner has been required to satisfy a sum of Rs.49,OO,82,011/-under Rule 14 of Cenvat Credit Rules 2004 and proviso to Section 11A of C....

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....xt.P5 Circular itself is not correct or sustainable in law and that the same has been subjected to challenge in various High Courts (High Court of Andhra Pradesh, High Court of Chennai, High Court of Rajasthan etc.) and that the High Courts have intercepted the same as per Exts.P6, P7, P7(a) interim orders of stay. 4. Heard the learned Standing Counsel as well. 5. Considering the fact that a....