Prior to 1-4-2011 there was no requirement to maintain separate a/c for trading activities

CESTAT, BANGALORE BENCH Micro Labs Ltd. Versus Commissioner of Central Excise, Bangalore STAY ORDER NOS. 892-899 OF 2012 APPEAL NOS. E/ST/1931-1938 of 2011 & E/3088-3095 of 2011 MAY 25, 2012 ORDER 1. These stay applications filed by the appellant seek waiver and stay in respect of the demands raised on 8 units of the appellant-company under Rule-14 of the CENVAT Credit Rules 2004 read with Section 11A of the Central Excise Act and also the penalties imposed on the appellant under Rules 15 & 15A of the CENVAT Credit Rules 2004. On a perusal of the records, I find that t...