2014 (1) TMI 471

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..... M.V. Ravindaran; This stay petition is filed for the waiver of an amount of Rs. 1,02,91,680/-, interest thereof and equal amount of penalty imposed. 2. The above said amounts have been confirmed as differential Cenvat credit payable, interest thereof and equal penalty imposed on the ground that the appellant had cleared used capital goods, waste and scrap generated in the casting foundry without .....

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..... as generated on dismantling and cutting the capital goods. In our view the judgment of the Hon'ble Supreme Court in the case of Grasim Industries Limited 2011 (273) ELT 10 (SC) read with the judgment of this tribunal in the case of HPCL 2002 (144) ELT 555 (Tri.) will apply. We find that the appellant has made out a strong prima facie case of for the waiver of pre-deposit of the amounts involved. A .....

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