https://www.taxtmi.com/caselaws?id=82281 The Tribunal denied the Stay Petition by M/s. Associated Pigments Limited seeking a waiver of pre-deposit of duty, upholding the Collector's decision to deny deemed Modvat Credit for inputs charged to nil rate of duty or wholly exempt from duty. The Tribunal clarified that goods wholly exempt from duty do not qualify for credit, rejecting the Petitioners' arguments and instructing them to deposit the remaining amount within two months. The judgment underscores the importance of complying with duty requirements and establishing a prima facie case for seeking waivers. en-us Wed, 02 Dec 1992 00:00:00 +0530 Mon, 04 Jul 2011 11:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82281 The Tribunal denied the Stay Petition by M/s. Associated Pigments Limited seeking a waiver of pre-deposit of duty, upholding the Collector's decision to deny deemed Modvat Credit for inputs charged to nil rate of duty or wholly exempt from duty. The Tribunal clarified that goods wholly exempt from duty do not qualify for credit, rejecting the Petitioners' arguments and instructing them to deposit the remaining amount within two months. The judgment underscores the importance of complying with duty requirements and establishing a prima facie case for seeking waivers. Case-Laws Central Excise Wed, 02 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82281