2014 (10) TMI 156

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..... The applicant is seeking wavier of pre-deposit of total duty demand of Rs. 2,34,11,652/- along with interest and penalty. 2. The fact is that the impugned demands for the period 2007-08 and 2011-12 have been confirmed against the applicant as they have taken credit in respect of manufacturing as well as trading activity during the impugned period, hence they are not entitled for input service cre .....

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..... by the learned Advocate. 6. After hearing both sides, we find that on merits the applicant is not entitled to take CENVAT credit. With regard to the limitation issue and the intention of the applicant to avail credit will be seen at the time of final hearing of the appeal. Therefore, at this stage, we direct the applicant to pre-deposit a sum of Rs. 70,00,000/- (Rupees seventy lakhs only) within .....

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