2005 (9) TMI 564 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai heard a case involving recovery of wrongly taken Cenvat credit by a dealer in grey fabrics. The appellants argued that Rule 12 of the Cenvat Credit Rules only applies to manufacturers, not dealers. The tribunal found a strong prima facie case in favor of the appellants, waived the pre-deposit, and stayed the recovery. The application was allowed.