9911796707
TMI Blog2013 (9) TMI 181X X X X Extracts X X X X X X X X Extracts X X X X ..... Per: P G Chacko: This application filed by the appellant seeks waiver of pre-deposit and stay of recovery mainly in respect of an amount of Rs.5,96,92,798/- being the amount of CENVAT credit denied to the appellant for the period from 1.7.2007 to 31.3.2010. On a perusal of the records, we find that the appellant (an insurance company) took CENVAT credit to the above extent on numerous invoices is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ices so as to claim undue CENVAT credit. We have perused the sample copies of invoices available on record and have found the distinct features of the invoices. In answer to a query from the Bench, the learned counsel for the appellant fails to furnish a list of the last category of invoices showing the corresponding CENVAT credit amounts. After arguing the case at length, he has prayed for an opp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in this submission also. 4. The learned counsel for the appellant, in his rejoinder, points out that this Bench granted waiver and stay in similar earlier case of the same insurance company. In this connection, reference is made to Stay Order No.584/2012 dt 18.07.2012 passed by this Bench in ST/327/12 (Cholamandalam MS General Insurance Co. Ltd. Vs. CCE LTU, Chennai). The learned counsel has also ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
