2014 (8) TMI 624

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....pondent. ORDER Shri Bipin Garg, learned Counsel submits that there is already reversal of Cenvat credit of Rs. 7,37,624/- which is apparent from page 11 of adjudication order. Considering such aspect stay application is disposed waiving requirement of pre-deposit of balance amount. 2. Learned Counsel prays for disposal of appeal itself. There is no objection from Revenue for such disposal.....

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....rts the order of the authorities below. 5. Heard both sides. 6. The appellant intends to end the litigation with the department. It has already reversed the Cenvat credit to the extent indicated in adjudication order with deposit of interest of Rs. 49,401/- as is apparent from the said order. The crucial issue is only penalty that has been imposed under Rule 15(2) of Cenvat Credit Rule....