2015 (10) TMI 891

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....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 Excise Act, 1944. 3. Dr. Samir Chakraborty, ld. S....

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....elhi 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 reiterated the findings of the ld.Commissioner. 6. Pr....