2014 (1) TMI 1107

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....rty, A.C. (A.R.) ORDER Per DR.D.M. MISRA; This is an application for waiver of pre deposit of duty of Rs. 63,40,120.00 and equal amount of penalty imposed under Rule 15 (2) of Cenvat Credit Rules read with Section 11AC of CEA, 1944. The Ld. Sr. Advocate appearing for the applicant had submitted that the applicant had imported 3464 Nos. Wheel sets to be used in Railway Wagons. Out of the said wh....

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....r Unit were against the lot under the DEEC Scheme. 3. Heard both sides and perused the records. We find that the applicant had cleared 830 Nos. of wheels on reversal of CVD which were availed as credit in their Sodepur Unit. It is the claim of the applicant that they were not even required to reverse the said CVD on 830 Nos. wheel sets as the same were imported against DEEC Scheme without payment....