2015 (10) TMI 891

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....l) For the Petitioner : Dr. Samir Chakraborty, Advocate & Shri Abhijit Biswas, Advocate For the Respondent : Shri M. Chattopadhyay, AC (AR) ORDER Per Dr. D.M. Misra. 1. Heard both sides. 2. This is an Application seeking waiver of pre-deposit of CENVAT Credit of Rs. 6.69 Crores and equal amount of penalty imposed under Rule 15(2) of CCR, 2004 read with Section 11AC of Central Exc....

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....ocate submitted that in view of the judgment of Delhi High Court in SRV Print Pack Pvt. Ltd. v. Commissioner of Central Excise - 2011-TIOL-611-HC-DEL-CX, CENVAT Credit cannot be denied on the inputs, once the Revenue accepts the duty on the final product, considering the process undertaken as resulting into manufacture, the taxable event for levy of excise duty. 5. The ld.AR for the Revenue rei....