2014 (11) TMI 1101 - SCH - Central Excise

Constitutional validity of Rule 8(3A) of the Central Excise Rules 2002 - Prohibition on assessee from utilising cenvat credit for payment of excise duty for default in payment of duty - Held that - here shall be interim stay of the impugned judgment and order passed by the High Court of Gujarat at Ahmedabad in Special Civil Application 2014 (12) TMI 585 - GUJARAT HIGH COURT We restrain the petitioner(s) herein to recover a sum of ₹ 87,00,000/- (Rupees eighty seven lakhs only) from the respondent till the disposal of the Special Leave Petition

Summary

The Supreme Court granted interim stay on the judgment passed by the High Court of Gujarat at Ahmedabad in Special Civil Application No. 3344 of 2014. The petitioner is restrained from recovering Rs. 87,00,000 from the respondent until the disposal of the Special Leave Petition (C) C.C. No. 16523 of 2015.