2013 (11) TMI 623

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..... (A.R.) ORDER Per DR. D.M. MISRA: These two applications are filed by the applicant seeking waiver of pre-deposit of Cenvat Credit of Rs.4,54,28,131/- (Appeal No. 399/11) and Rs.15,00,544.66 for the (Appeal No. 400/11) and equal amount of penalty in each case. 2. The Ld. Advocate Shri N.K. Chowdhury appearing for the applicant has submitted that the issue involved in the present case relates to .....

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..... has been closed since November, 2010. The Ld. Advocate pleaded that on this ground, the applications for waiver of pre-deposit of all dues be allowed. 3. Heard the Ld. A.R. for the Revenue. The Ld. A.R. for the Revenue has submitted that this Tribunal has been taking a consistent view relating to availability of CENVAT Credit on Angles, Channels, TMT Bars etc. as capital goods by allowing the st .....

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..... case it is around Rs.15.00 Lakhs. We do not find merit in the submission of the Ld. Advocate that 25% of the said amount could be heavy burden on the applicant. In these circumstances, we direct the applicant to deposit 25% of the Cenvat credit involved in the present case i.e. Rs.16.68 Lakhs (in Appeal No. 399/11) & Rs. 15.00 Lakh (in Appeal No. 400/11) within a period of Eight weeks from today a .....

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