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of <h1>Stay granted on recovery of MODVAT credit for pipes used in tubewell pending appeal.</h1> The Appellate Tribunal CESTAT, New Delhi granted stay on recovery of MODVAT credit disallowed to M/s. Ajanta Tubes Ltd. pending appeal on the ... Stay/Dispensation of pre-deposit - Demand The Appellate Tribunal CESTAT, New Delhi granted stay on recovery of MODVAT credit disallowed to M/s. Ajanta Tubes Ltd. during the pendency of the appeal regarding the classification of pipes used for drawing water from tubewell as capital goods. The issue will be heard on 31-3-2005.
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