2007 (4) TMI 89

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..... -SM(BR) - Stay Order No. 432/2007-SM(BR)(PB) - Dated:- 23-4-2007 - [Order per] - The applicant seeks interim stay of the recovery of Rs. 3,46,456/- being Cenvat credit allowed in 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. .....

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..... d also insist on lapse of entire Cenvat credit lying on the date of exercise of option, i.e. on 1-4-2005. Therefore, keeping in view the facts and circumstances of the case, it is 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 week .....

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