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TMI Blog2014 (1) TMI 959X X X X Extracts X X X X X X X X Extracts X X X X ..... Chacko; This application filed by the appellant seeks waiver of pre-deposit and stay of recovery in respect of CENVAT credit of over Rs. 26.78 crores denied to them on a large number of services which were claimed to be input services and found to be otherwise by the adjudicating authority for the period from November 2009 to October 2011 and also in respect of a penalty of Rs. 25 lakhs imposed o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d by the assessee to claim CENVAT credit on any of the services vis-a-vis their business of manufacture and clearance of excisable products. Aggrieved by such findings, the learned counsel for the appellant has submitted that each of the 39 services was covered either by the main part of the definition of 'input service' under Rule 2(l) of the CENVAT Credit Rules 2004 or by the inclusion part of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch can be had only at the final hearing stage. For the present, as the entire demand is within the normal period of limitation and the appellant has not pleaded financial hardships, we are of the view that the appellant should pre-deposit 10% of the total amount of CENVAT credit denied to them. They shall pre-deposit this amount within 6 weeks and report compliance to the Deputy Registrar on 07.05 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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