2014 (7) TMI 22

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..... at Credit Rules, 2004, we are of the prima facie view that this rule cannot be invoked for imposing personal penalty on an individual for infraction done by an assessee. On this ground itself, the applicants have made out a strong case for waiver of pre-deposit of the amounts involved. The applications for waiver of pre-deposit of amounts involved are allowed and recovery thereof stayed till the d .....

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..... s. 5. On perusal of the records, we find that the adjudicating authority has imposed penalties on both the applicants/appellants under Rule 15 of Cenvat Credit Rules, 2004. On reading of Rule 15 of Cenvat Credit Rules, 2004, we are of the prima facie view that this rule cannot be invoked for imposing personal penalty on an individual for infraction done by an assessee. On this ground itself, th .....

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