https://www.taxtmi.com/caselaws?id=87364 Modvat credit on CTD bars, steel plates, angles and channels used in erection of structures was treated as an arguable dispute under Rule 57Q. The applicants claimed the items formed part of a blast furnace plant as capital goods, while the Revenue maintained that materials used in immovable structures were ineligible for credit. The Tribunal held that the dispute did not justify complete dispensation of pre-deposit and applied Section 35F to require the Modvat amount to be frozen in the capital goods Modvat account until disposal of the appeal, while dispensing with pre-deposit of the penalty and staying its recovery. en-us Mon, 23 Jun 1997 00:00:00 +0530 Mon, 05 Sep 2011 15:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87364 Modvat credit on CTD bars, steel plates, angles and channels used in erection of structures was treated as an arguable dispute under Rule 57Q. The applicants claimed the items formed part of a blast furnace plant as capital goods, while the Revenue maintained that materials used in immovable structures were ineligible for credit. The Tribunal held that the dispute did not justify complete dispensation of pre-deposit and applied Section 35F to require the Modvat amount to be frozen in the capital goods Modvat account until disposal of the appeal, while dispensing with pre-deposit of the penalty and staying its recovery. Case-Laws Central Excise Mon, 23 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87364