2009 (5) TMI 693

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..... ndent. [Order per : M.V. Ravindran, Member (J) (Oral)]. This stay petition is directed towards the following amounts : (a) Cenvat credit amounting to Rs. 79,92,760/- (Rupees Seventy nine lakhs ninety two thousand seven hundred and sixty only) which was irregularly taken on inputs during the period November 2006 to August 2007 under Rule 14 of the Cenvat Credit Rules, 2004 read with .....

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..... pees Seventy nine lakhs Ninety two thousand seven hundred and sixty only) in respect of inputs utilized in the manufacture of slag cement, which is dutiable and was cleared on payment of applicable duties and the Cenvat credit utilized proportionately comes to Rs. 52,03,567/- (Rupees Fifty two lakhs three thousand five hundred and sixty seven only). 4. On a careful consideration of the matter, w .....

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..... ordingly, we direct the appellants to deposit an amount of Rs. 10,00,000/- (Rupees Ten lakhs only) within a period of two months from today and report compliance on 8-7-2009. Subject to such compliance is being reported, the condition of pre-deposit of the balance amounts involved is waived and recovery there of stayed till the disposal of the appeal. This stay will be in force even beyond the per .....

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