2013 (11) TMI 623

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....S. Chakraborty, A.C. (A.R.) ORDER Per DR. D.M. MISRA: These two applications are filed by the applicant seeking waiver of pre-deposit of Cenvat Credit of Rs.4,54,28,131/- (Appeal No. 399/11) and Rs.15,00,544.66 for the (Appeal No. 400/11) and equal amount of penalty in each case. 2. The Ld. Advocate Shri N.K. Chowdhury appearing for the applicant has submitted that the issue involved i....

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....substantially and the company has been closed since November, 2010. The Ld. Advocate pleaded that on this ground, the applications for waiver of pre-deposit of all dues be allowed. 3. Heard the Ld. A.R. for the Revenue. The Ld. A.R. for the Revenue has submitted that this Tribunal has been taking a consistent view relating to availability of CENVAT Credit on Angles, Channels, TMT Bars etc. as c....

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.... normal period and in the second case it is around Rs.15.00 Lakhs. We do not find merit in the submission of the Ld. Advocate that 25% of the said amount could be heavy burden on the applicant. In these circumstances, we direct the applicant to deposit 25% of the Cenvat credit involved in the present case i.e. Rs.16.68 Lakhs (in Appeal No. 399/11) & Rs. 15.00 Lakh (in Appeal No. 400/11) within a p....