https://www.taxtmi.com/caselaws?id=84145 Waiver of pre-deposit under the Modvat scheme was refused because the disputed goods were defective inputs cleared as scrap, and the demand was treated as a reversal of credit already enjoyed. No prima facie case was shown for stay of recovery, and the plea of limitation was rejected in light of the alleged irregular disposal of inputs. Financial hardship was also not established, as the record reflected substantial sales, production and realisations from the clearances. The applicants were therefore required to deposit the full duty demand before the appeal could proceed. en-us Tue, 28 Mar 1995 00:00:00 +0530 Wed, 20 Jul 2011 10:30:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84145 Waiver of pre-deposit under the Modvat scheme was refused because the disputed goods were defective inputs cleared as scrap, and the demand was treated as a reversal of credit already enjoyed. No prima facie case was shown for stay of recovery, and the plea of limitation was rejected in light of the alleged irregular disposal of inputs. Financial hardship was also not established, as the record reflected substantial sales, production and realisations from the clearances. The applicants were therefore required to deposit the full duty demand before the appeal could proceed. Case-Laws Central Excise Tue, 28 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84145