2013 (6) TMI 510

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..... iting the cash amount in view of the credit utilized earlier will be harsh. - stay granted. - E/2869/2011 - - - Dated:- 24-5-2012 - P.G. Chacko And M. Veeraiyan, JJ. Appellant Rep by: Mr K.S. Naveen Kumar, Adv. Respondent Rep by: Mr Ganesh Haavanur, Additional Commissioner (AR) Per: M. Veeraiyan: Heard both sides on the stay petition. 2. The appellant is a manufacturer of .....

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..... his has been held to be irregular and accordingly a demand of Rs.15,45,422/- stands confirmed along with interest. A penalty of Rs.2000/- under Rule 15(3) of CENVAT Credit Rules stands imposed. 3. The learned advocate also submits that another show-cause notice dt. 15/04/2011 stands issued for recovery of Rs.15,45,422/- and to appropriate the amount of 80% wrongly utilized during the disputed pe .....

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