2014 (1) TMI 1156

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..... ver of pre-deposit of cenvat credit of Rs.2,80,038/- and equal amount of penalty imposed on the applicant under Rule 15 (1) of Cenvat Credit Rules, 2004. The ld. Consultant for the applicant has submitted that they have availed Cenvat credit on aluminum foil and foil packing empty boxes procured from the company, namely, M/s Indo Foil Private Ltd. and M/s York Print & Pack. He has submitted that t .....

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..... ty box after cutting into small sizes, they have discharged duty on the finished goods which was equivalent to the cenvat credit availed. In these circumstances, directing the predeposit of cenvat credit would result injustice to the applicant. Accordingly, the pre-deposit of dues adjudged is waived and its recovery stayed during pendency of the appeal. Stay petition is allowed. (Dictated and pro .....

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