2014 (1) TMI 464

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....Mr. M.V. Ravindran; These stay petitions are filed for the waiver of pre-deposit of duty amount of Rs.1,87,93,726/-, interest thereof and equivalent amount of penalty. 2. The above said amounts have been confirmed by the adjudicating authority as ineligible cenvat credit availed on the inputs like TMT bars, plates, beams, angles, channels etc. 3. Ld. counsel appearing on behalf of the app....

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.... in this case. 5. On careful consideration of the submissions made by both sides and perusal of the records, we find that the issue involved in this case is a contentious one that the Larger Bench has held in the case of Vandana Global that assessee is ineligible to avail cenvat credit of the inputs which are used for the manufacturing/fabrication of structural items as well as the capital good....