2012 (12) TMI 299

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..... nbsp;This stay petition is filed for the waiver of pre-deposit of the amounts confirmed by the adjudicating authority and upheld by the first appellate authority. 2. After hearing both sides for sometime on the stay petition, I find that the appeal itself could be disposed of at this juncture as it lies in a narrow compass. Accordingly, after allowing the stay petition filed by the appellant .....

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..... s mandatory on him to pay the interest on amounts improperly availed under Rule 14 of Cenvat Credit Rules, 2004. I hold that the appellant is liable to pay interest on the said amount of Cenvat credit which has been improperly/irregularly availed by him and reversed by him. 6. As regards penalty, I find that the appellant should be given the benefit of the provisions of Section 11AC of the C .....

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