2013 (11) TMI 1180

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....R Per. Rakesh Kumar :- The appellant manufacturer Diamond Impregnated Segments. During the period of dispute they took Cenvat credit of Rs. 8,94,691/- in respect of tools which according to the appellant, after their clearance from the factory on payment of duty, had been returned back by the customers for repairs etc. and the appellant took Cenvat credit of this amount under Rule 16 of the ....

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....t of disputed amount of Rs. 2,25,000/- has been deposited by the appellant in pursuance of the said order passed by the Commissioner (Appeals). After hearing both the sides, I am of the view that the amount deposited is not sufficient to safeguard the interests of the Revenue as there appears to be evidence indicating that some of the returned consignments in respect of which credit has been taken....