2014 (1) TMI 963

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.... Since both the stay applications are arising out of a common order, both the applications are taken up together for disposal. 2. The applicant has filed this application for waiver of predeposit of tax of Rs.6,22,34,090/- along with interest and penalty. The second stay application is for waiver of penalty of Rs.10,000/- imposed on M/s. Chemplast Sanmar Ltd. under CENVAT Credit Rules, 2004.....

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....ents. The learned counsel submits that there is no dispute of genuinity of the documents, utilization of the input service and duly recorded in the books of accounts. At the best, it is a technical infraction of laws and substantial justice cannot be denied. 5. The learned AR reiterates the findings of the Commissioner. He submits that the applicant failed to produce the evidence in support of ....