2013 (8) TMI 23

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....For the Respondent : Shri J. Nagori, A.R. ORDER Per : Mr. M.V. Ravindaran; These stay petitions are filed for the waiver of pre-deposit of an amount of Rs. 37,15,945/- confirmed as duty, interest thereof and penalties under Rule 15(2) of Cenvat Credit Rules, 2004 and under Section 11AC imposed on the main appellant, besides personal penalty of Rs. 37,15,945 imposed on Shri Vipinbhai K. Pa....

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....re is short payment of duty if compared with the cenvat credit that needs to be reversed. On primary glance of the statements made by the learned Chartered Accountant and the findings recorded by the lower authorities, we find that the issue needs deeper consideration as the inputs cleared by the appellant to one M/s. M.B. Enterprises who is a registered dealer and he has cleared these inputs to a....