https://www.taxtmi.com/caselaws?id=81882 A stay application on disputed MODVAT credit was assessed on the basis of prima facie case, the effect of the declaration and approved classification list, and the appellants' financial position. The requirement of a MODVAT declaration was weighed against the fact that the classification list referred to MODVAT on the relevant items and had been approved. Financial hardship and the limited amount involved also supported relief. On that basis, complete waiver was declined, but partial waiver of pre-deposit and stay of recovery was granted, subject to deposit of Rs. 27,000 within the stipulated time. en-us Thu, 21 May 1992 00:00:00 +0530 Wed, 29 Jun 2011 15:14:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81882 A stay application on disputed MODVAT credit was assessed on the basis of prima facie case, the effect of the declaration and approved classification list, and the appellants' financial position. The requirement of a MODVAT declaration was weighed against the fact that the classification list referred to MODVAT on the relevant items and had been approved. Financial hardship and the limited amount involved also supported relief. On that basis, complete waiver was declined, but partial waiver of pre-deposit and stay of recovery was granted, subject to deposit of Rs. 27,000 within the stipulated time. Case-Laws Central Excise Thu, 21 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81882