https://www.taxtmi.com/caselaws?id=84854 A statutory pre-deposit requirement may be met by temporarily debiting available Modvat credit, where the adjustment remains subject to the outcome of the appeal and does not prejudice final rights. The tribunal treated the cash deposit obligation and the credit balance as distinct in form but read them with the Modvat scheme, reasoning that insisting on separate cash payment would amount to double payment while the credit remained in account. Temporary adjustment was therefore permitted only to the extent of available credit and only until the appeal was decided. en-us Thu, 19 Oct 1995 00:00:00 +0530 Mon, 01 Aug 2011 11:37:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84854 A statutory pre-deposit requirement may be met by temporarily debiting available Modvat credit, where the adjustment remains subject to the outcome of the appeal and does not prejudice final rights. The tribunal treated the cash deposit obligation and the credit balance as distinct in form but read them with the Modvat scheme, reasoning that insisting on separate cash payment would amount to double payment while the credit remained in account. Temporary adjustment was therefore permitted only to the extent of available credit and only until the appeal was decided. Case-Laws Central Excise Thu, 19 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84854