2014 (2) TMI 869

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....phode , Adv . For the Respondent : Shri K Sivakumar , Addl. Commissioner (AR) PER : M V Ravindran All these Stay Petitions pertains to same appellants and hence these are being disposed of by a common order. 2. The issue involved in these cases is regarding waiver of pre-deposit of amount sought to be recovered from the appellants which is confirmed by adjudicating authority as an interest, p....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....adjudicating authority in Para 27 & 35 has specifically held that M/s Aishwarya International and its proprietor Shri Manish Dineshchandra Panwala are the persons behind the modus operandi of encashing the in-eligible CENVAT Credit , she would also draw our attention to the show cause notice and more specifically Para 18, wherein the show cause notice specifically directs these two appellants to s....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he main brain behind creation of M/s Aaishwarya International. It is also his submission that one of the appellant Shri Hiren R. Kapadia , is a financer and has witnessed, the lease agreement entered by M/s Aaishwarya International with the owner. It is his submission that Shri Nikunj R. Kapadia had withdrawn an amount of Rs.10 lakhs from the account of M/s Aaishwarya International without any jus....