2014 (1) TMI 420

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..... cko; This application filed by the appellant seeks waiver and stay in respect of the adjudged dues which include an amount of Rs.77,90,998/- demanded towards recovery of CENVAT credit taken during the period from February 2007 to November 2008 on steel items such as MS plates, channels, sheets, angles etc. According to the appellant, these items, claimed to have been used to fabricate storage tan .....

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..... columns were actually used for sucking atmospheric air for the purpose of fractionating it into various individual gases. In other words, according to the learned counsel, the steel items used for fabrication of the columns were integrally connected with the manufacture of gases and hence qualified to be capital goods under Rule 2(a)(A) ibid. The learned counsel has also pleaded limitation against .....

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..... nt of Rs.10 lakhs for the present purpose. In the totality of the facts and circumstances of this case, we are inclined to accept this offer and accordingly direct the appellant to predeposit the said amount of Rs.10 lakhs (Rupees ten lakhs only) within six weeks and report to the Deputy Registrar on 19/06/2013. Deputy Registrar to report to the Bench on 26/06/2013. Subject to due compliance, ther .....

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