https://www.taxtmi.com/caselaws?id=82280 Waiver of pre-deposit was refused in a Modvat credit dispute under Rule 57-I concerning scrap cleared after an exempted period. At the stay stage, the department's method of linking disallowance to inputs used in manufacturing exempted final products was found tenable in principle, while the precise quantification of credit was left for final hearing. The limitation objection failed because the proposed credit adjustment was treated as outside Section 11A for the exempted-period disallowance, and the notice covering later dutiable scrap clearances was within time. Financial hardship was also rejected on the basis of balance-sheet figures showing substantial turnover, profit, and liquid funds, and the appellants were directed to deposit the duty demanded. en-us Wed, 02 Dec 1992 00:00:00 +0530 Mon, 04 Jul 2011 10:59:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82280 Waiver of pre-deposit was refused in a Modvat credit dispute under Rule 57-I concerning scrap cleared after an exempted period. At the stay stage, the department's method of linking disallowance to inputs used in manufacturing exempted final products was found tenable in principle, while the precise quantification of credit was left for final hearing. The limitation objection failed because the proposed credit adjustment was treated as outside Section 11A for the exempted-period disallowance, and the notice covering later dutiable scrap clearances was within time. Financial hardship was also rejected on the basis of balance-sheet figures showing substantial turnover, profit, and liquid funds, and the appellants were directed to deposit the duty demanded. Case-Laws Central Excise Wed, 02 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82280