https://www.taxtmi.com/caselaws?id=85278 In a stay application over duty demand under Notification No. 202/88, the Tribunal held prima facie that exemption was not established at the time of clearance because Modvat credit on the relevant inputs had been taken and was reversed only after the exempted goods were cleared. It distinguished the Supreme Court ruling relied on by the applicants and found that the condition for exemption was therefore not satisfied on the facts presented. Considering the financial position and the duty computation dispute, it granted only partial interim relief and ordered a substantial pre-deposit with security for the balance. en-us Thu, 22 Feb 1996 00:00:00 +0530 Wed, 03 Aug 2011 18:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85278 In a stay application over duty demand under Notification No. 202/88, the Tribunal held prima facie that exemption was not established at the time of clearance because Modvat credit on the relevant inputs had been taken and was reversed only after the exempted goods were cleared. It distinguished the Supreme Court ruling relied on by the applicants and found that the condition for exemption was therefore not satisfied on the facts presented. Considering the financial position and the duty computation dispute, it granted only partial interim relief and ordered a substantial pre-deposit with security for the balance. Case-Laws Central Excise Thu, 22 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85278