2014 (2) TMI 40

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.... ORDER Per Justice G. Raghuram: The appeal is preferred against the adjudication order dated 30.11.2011 whereby the petitioner/appellant was held to have wrongly availed cenvat credit of Rs.29,73,096/-. This amount was directed to be recovered along with interest as applicable under Section 73/75 of the Finance Act, 1994 and penalty under Section 76, 77 and 78 of the Act. The adjudication ....

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....icable normative principles, in both cases. These must be considered at the final hearing. 2. In the facts and circumstances, we consider it appropriate to grant waiver of pre-deposit and stay all further proceedings pursuant to the impugned order, on the condition that petitioner remits 50% of the specified liability of tax as assessed, in terms of paragraph (i) and (iii) of the adjudication o....