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2014 (1) TMI 729
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.... The applicant is engaged in the manufacture of Poly Vinyl Chloride resin. It has been alleged that they availed credit on capital goods which have installed in the area outside the factory premises. Hence the Commissioner confirmed the demand of CENVAT credit of Rs.1,68,20,132/- along with interest and penalty of equal amount. 2. The learned counsel submits that they received the major raw mat....
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....e jetty under the Central Excise Law is sub-judice before the Tribunal. We find that there are cases where credit was denied on the capital goods used outside the factory. Hence, we direct the applicant to deposit a sum of Rs. 20,00,000/- (Rupees twenty lakhs only) within a period of four weeks and report compliance on 16.4.2013. Upon such deposit, predeposit of the balance amount stands waived an....