2011 (1) TMI 1315

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....vocate, for the  Appellant. Smt. Sudha Koka, SDR, for the Respondent. ORDER This application filed by M/s. Maini Precision Products Pvt. Ltd., Bangalore seeks waiver of pre-deposit and stay of recovery of an amount of Rs. 2,41,04,446/- being Cenvat credit found to have been irregularly availed by the appellant during the period 1-4-2004 to 31-3-2006 applicable interest demanded under....

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....ise Act. Therefore, the goods received could not be treated as inputs and duty paid on them could not be availed as credit. The demand on this account works out to Rs. 2,40,75,746/-. An amount of Rs. 28,700/- has been demanded finding the same to be inadmissible Cenvat credit taken by the assessee suo motu without appropriate duty paying documents. 2. After examining the case records and a....

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.... could not be marketed. The appellant has furnished particulars of operations carried out with drawings for supply of parts of fork lift trucks, automobile, I.C. engine, refrigerator, fuel engine, etc. From the literature on the operations and communications from customers furnished, we find that the operations such as drilling, threading, burring, grinding, etc. involved are essential to bring ou....

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....ished article or a part) into complete of finished article shall amount to manufacture". 3. We are of the prima facie view that in view of the above note, essential activities undertaken on the inputs received by the assessee to render products marketable constitute process of manufacture and that the applicant is entitled to the Cenvat credit denied and demanded in the impugned order. We ....