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<h1>Appellate Tribunal directs deposit for waiver of pre-deposit on Modvat credit. Compliance deadline set.</h1> The Appellate Tribunal CEGAT, New Delhi directed the appellant to deposit Rs. 50,000 within four weeks for waiver of pre-deposit of Rs. 1,11,089 related ... Stay/Dispensation of pre-deposit - Modvat The Appellate Tribunal CEGAT, New Delhi heard an application for waiver of pre-deposit of Rs. 1,11,089. The appellant claimed Modvat credit on capital goods used in packing final products. The Tribunal directed the appellant to deposit Rs. 50,000 within four weeks, with recovery of the remaining amount stayed pending appeal. Failure to deposit would result in dismissal of the appeal. Compliance was to be reported by 27th February 1998. The order was pronounced on 29-12-1997.
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