2014 (6) TMI 582

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....ate, for the Appellant. Shri K.N. Joshi, AR, for the Respondent. ORDER These two stay petitions are filed for the waiver of pre-deposit of amount of duty of Rs. 1,26,87,564/- with interest and equal amount of penalty on the appellant firm and personal penalty of Rs. One lakh on Shri Anand Mundra, authorised signatory. 2. The above said amount have been confirmed against the assess....

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....es which is annexed at Pages 48 and 49 of the appeal memorandum. It is his submission that the adjudicating authority has not considered the same in its proper perspective. 4. Learned Departmental representative on the other hand would submit that appellant herein has not given option of reversal of Cenvat credit to the lower authorities before reversing the same. It is his submission that....

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....vices distributed by their Head Office as Input Service Distributor. It is also undisputed that the appellant is utilising the ISD service tax credit for discharge of Central Excise duty on the goods manufactured and cleared by them. It is seen from the records that the appellant has claimed that they have reversed the amount which is attributable to the input services which go into manufacturing ....