2014 (8) TMI 916

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....dip Kumar Das 1. All these applications are arising out of a common order and therefore all are taken up together for disposal. 2. The applicants filed these applications for waiver of predeposit of duty of Rs. 11,13,236/- along with interest and penalty. 3. Heard both sides and perused the records. 4. The applicants are engaged in the manufacture of cotton yarn falling under Chapter 5....

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.... which credit of duty on inputs has been taken. In the present case, it is seen from the SCN that the proceedings were initiated on the ground that as per Notification No.30/2004 dt. 9.7.2004, the applicant cannot accumulate any cenvat credit on the inputs or capital goods. Prima facie , I find that Notification No.30/04 read with corrigendum dt. 9.7.2004 restriction was imposed only in respect of....