Modvat credit dispute: strong prima facie case justified unconditional stay and waiver of pre-deposit pending final hearing.

Entitlement to unconditional stay and waiver of pre-deposit was considered in a Modvat credit dispute where credit was denied for non-endorsement of the bill of entry and failure to file the declaration. A strong prima facie case was found in favour of the applicants, and unconditional stay with waiver of the amount was granted pending final hearing.

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Issues: Whether the applicants were entitled to unconditional stay and waiver of pre-deposit in respect of the demand arising from denial of Modvat credit on the grounds of non-endorsement of the bill of entry and failure to file the declaration.

Outcome: A strong prima facie case was found, and unconditional stay along with waiver of the amount was granted pending final hearing.

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