2007 (12) TMI 391

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..... [Order]. The applicant seeks waiver of pre-deposit and stay of recovery of Rs. 3,98,108/- held to be wrong credit taken on inputs and input services by M/s. Ambica Sugars Mills Ltd., applicable interest and a penalty of Rs. 10,000/- imposed on them. The demand is on the ground that the assessee manufactured electricity using bagasse and certain inputs on which credit was availed. They also a .....

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..... ble for CENVAT credit. The power plant and the sugar factory figure in the approved ground plan of the factory. Ld. SDR reiterates the findings contained in the impugned order. 3. I find substance in the argument of the Counsel that the impugned inputs first generate steam, which is used in the factory. As per the definition of the inputs contained in Clause (i) of Rule 2(k) of Cenvat Credit Rul .....

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