2014 (3) TMI 451 - AT - Central Excise

Waiver of pre-deposit of duty - Denial of cenvat credit pertaining to inputs transferred to the EOU, along with interest - Held that - Following decision of Sun Pharmaceuticals Industries vs. Commissioner of Central Excise 2009 (5) TMI 849 - CESTAT CHENNAI - prima facie the applicant has a strong case for waiver - Stay granted.

Summary

The Appellate Tribunal CESTAT Mumbai granted waiver of pre-deposit of duty amounting to Rs. 1,20,89,756/-, interest, and penalty in a case where demand was confirmed after denying credit of duty paid on inputs during conversion from DTA to EOU. The decision was based on a previous Tribunal ruling, allowing the waiver and staying recovery during the appeal.