2013 (4) TMI 706

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....ul Gajera, Advocate, for the Appellant. Shri K.N. Joshi, A.R., for the Respondent. ORDER [Order per : H.K. Thakur, Member (T)]. - This stay application along with appeal has been filed against OIA No. SRP/216/VAPI/2012-13, dated 15-1-2013. The issue involved in this case is whether Cenvat credit lying in balance when the appellant started availing full exemption under Notification No. 30/....

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....re-deposit was allowed. 3. Learned A.R. on the other hand argued that as per provisions of Rule 11(2) & (3) of the Cenvat Credit Rules, 2004, credit unutilized on the date of availing exemption shall lapse. 4. We have heard both sides at length. As per the proviso contained in Notification No. 30/2004-C.E., dated 9-7-2004, the notification is applicable to goods in respect of which....