2006 (1) TMI 518 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai waived the pre-deposit of duty and penalties imposed on an applicant-company under Section 11AC and Rule 25 of the Cenvat Credit Rules, 2002. The Tribunal noted that the duty was paid on the goods and allowed the Cenvat credit. The Tribunal referred to a previous decision and ruled in favor of the applicant, staying the recovery of duty and penalties pending the appeals.