https://www.taxtmi.com/caselaws?id=83853 In a MODVAT dispute, the Tribunal held that prima facie full waiver of pre-deposit was not justified where credit taken on declared inputs was sought to be used to pay duty on final products that had not been declared. It accepted the Revenue's objection at the interim stage and found that the statutory scheme did not clearly support such utilisation of credit. As a result, complete waiver and stay of recovery were refused, and the applicants were directed to deposit 50% of the amount due, with liberty to pay from undisputed RG 23A Part II credit balance if available. en-us Mon, 05 Dec 1994 00:00:00 +0530 Mon, 18 Jul 2011 13:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83853 In a MODVAT dispute, the Tribunal held that prima facie full waiver of pre-deposit was not justified where credit taken on declared inputs was sought to be used to pay duty on final products that had not been declared. It accepted the Revenue's objection at the interim stage and found that the statutory scheme did not clearly support such utilisation of credit. As a result, complete waiver and stay of recovery were refused, and the applicants were directed to deposit 50% of the amount due, with liberty to pay from undisputed RG 23A Part II credit balance if available. Case-Laws Central Excise Mon, 05 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83853