2007 (4) TMI 89

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..... n respect of inputs lying in stock or in process or contained in final products lying in stock under Rule 11(2) of the Cenvat Credit Rules, 2004, and imposing penalty of Rs. 50,000/- under Rule 15 of the said Rules. 2. The appellant had admittedly exercised the option for exemption under Notification No. 8/2003 which granted exemption from payment of duty to S.S.I. units up to a limit of Rs. One .....

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..... directed that the amount of Rs. 1,28,400/- deposited by the appellant will be treated as pre-deposit, with the further direction to the appellant to deposit a further amount of Rs. 25,000/- as pre-deposit within six weeks from today. On that being done, there shall be waiver of pre-deposit of rest of the amount of duty and penalty recoverable under the impugned order during the pendency of the app .....

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