2013 (11) TMI 450

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....ustice G. Raghuram : The adjudication order dated 24.2.2012 disallowed Cenvat credit of Rs.5,42,11,516/-, irregularly availed by the petitioner; ordered recovery of the same under Rule 14 of the Cenvat Credit Rules and imposed penalties under Sections 76 and 77 of the Act and under Rule 15(3) of Cenvat Credit Rules 2004. For the period prior to November 2008, the petitioner who was providing va....

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....ication order. In response to the Show Cause Notice dated 17.6.2010, the petitioner submitted on 13.8.2010. In the adjudication order despite noticing that Rs.6.02 crores was remitted by the petitioner towards exempted services provided for the period prior to November 2008, utilising its Cenvat credit, the adjudicating authority ordered recovery of Rs.5,42,11,516/- for having wrongly availed cred....