https://www.taxtmi.com/caselaws?id=88054 The Appellate Tribunal CEGAT, New Delhi granted the stay application, waiving the pre-deposit for a duty amount of Rs. 17,33,624/- and a penalty of Rs. 50,000/- imposed by the Commissioner of Central Excise, Jaipur. The Tribunal found a prima facie case for the admissibility of Modvat Credit to offset part of the duty demand, given the circumstances surrounding the reversal of credit on Caprolactum and the subsequent duty demand on Polyamide Chips. The applicant was directed to deposit a reduced sum of Rs. 5,17,784/- within a specified period, with the remaining duty and penalty pre-deposit waived for the appeal hearing, subject to compliance with the stay order terms. en-us Wed, 19 Nov 1997 00:00:00 +0530 Wed, 14 Sep 2011 17:10:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88054 The Appellate Tribunal CEGAT, New Delhi granted the stay application, waiving the pre-deposit for a duty amount of Rs. 17,33,624/- and a penalty of Rs. 50,000/- imposed by the Commissioner of Central Excise, Jaipur. The Tribunal found a prima facie case for the admissibility of Modvat Credit to offset part of the duty demand, given the circumstances surrounding the reversal of credit on Caprolactum and the subsequent duty demand on Polyamide Chips. The applicant was directed to deposit a reduced sum of Rs. 5,17,784/- within a specified period, with the remaining duty and penalty pre-deposit waived for the appeal hearing, subject to compliance with the stay order terms. Case-Laws Central Excise Wed, 19 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88054