https://www.taxtmi.com/caselaws?id=85648 Waiver of pre-deposit and stay of recovery were granted conditionally in a Modvat credit dispute because the demand required detailed scrutiny and the alleged supplier-side fraud made invocation of the extended period under Rule 57-I debatable. At the prima facie stage, the decisive question was whether duty had in fact been paid to the Government exchequer; any payment to suppliers would, at most, create civil consequences. As the factual position had to be examined finally, the demanded amount was to be secured by retention in the Modvat account, with a bank guarantee required only for any shortfall. en-us Fri, 24 May 1996 00:00:00 +0530 Sat, 06 Aug 2011 13:23:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85648 Waiver of pre-deposit and stay of recovery were granted conditionally in a Modvat credit dispute because the demand required detailed scrutiny and the alleged supplier-side fraud made invocation of the extended period under Rule 57-I debatable. At the prima facie stage, the decisive question was whether duty had in fact been paid to the Government exchequer; any payment to suppliers would, at most, create civil consequences. As the factual position had to be examined finally, the demanded amount was to be secured by retention in the Modvat account, with a bank guarantee required only for any shortfall. Case-Laws Central Excise Fri, 24 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85648