2006 (2) TMI 512 - AT - Central Excise

Summary

The stay application was filed against the confirmation of demand of Rs. 72,647 and penalty on credit availed on welding electrodes, plain plates, jointing sheets, and V-Belts for the period of August 2003 to March 2004 under the Cenvat Credit Rules, 2002. The Tribunal found that the items were used in the factory of the manufacturer, granting waiver of pre-deposit of duty and penalty with recovery stayed until the appeal's disposal.