https://www.taxtmi.com/caselaws?id=74012 Unconditional stay of recovery was granted against duty and penalty arising from disallowance of MODVAT credit, as the Tribunal found a strong prima facie case on the basis of the Government of India's directive treating iron and steel scrap as deemed duty-paid and permitting credit without production of GP1. Earlier appellate rulings, including the decision in Collector of Central Excise, Chandigarh v. Kapson Electro Stampings, also supported the applicant's claim. The disallowance of MODVAT credit taken in July 1986 was stayed for the purposes of Section 35F of the Central Excises & Salt Act, 1944, and the Revenue was given liberty to seek early hearing. en-us Wed, 31 Aug 1988 00:00:00 +0530 Mon, 06 Jun 2011 11:05:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74012 Unconditional stay of recovery was granted against duty and penalty arising from disallowance of MODVAT credit, as the Tribunal found a strong prima facie case on the basis of the Government of India's directive treating iron and steel scrap as deemed duty-paid and permitting credit without production of GP1. Earlier appellate rulings, including the decision in Collector of Central Excise, Chandigarh v. Kapson Electro Stampings, also supported the applicant's claim. The disallowance of MODVAT credit taken in July 1986 was stayed for the purposes of Section 35F of the Central Excises & Salt Act, 1944, and the Revenue was given liberty to seek early hearing. Case-Laws Central Excise Wed, 31 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74012