https://www.taxtmi.com/caselaws?id=88151 The Tribunal upheld the duty demand against the applicants for wrongly claiming Modvat credit on 24 drums of Nickel Powder containing waste material unsuitable for production. The appellant's argument of necessity for manufacturing welding electrodes was undermined by evidence showing the drums primarily held unusable material for credit purposes. Despite being a profit-making entity without financial hardship, the Tribunal directed the appellant to deposit the demanded amount within six weeks, waived the penalty, and stayed its recovery pending appeal, ensuring duty repayment enforcement while granting temporary relief on the penalty. en-us Fri, 06 Feb 1998 00:00:00 +0530 Thu, 15 Sep 2011 14:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88151 The Tribunal upheld the duty demand against the applicants for wrongly claiming Modvat credit on 24 drums of Nickel Powder containing waste material unsuitable for production. The appellant's argument of necessity for manufacturing welding electrodes was undermined by evidence showing the drums primarily held unusable material for credit purposes. Despite being a profit-making entity without financial hardship, the Tribunal directed the appellant to deposit the demanded amount within six weeks, waived the penalty, and stayed its recovery pending appeal, ensuring duty repayment enforcement while granting temporary relief on the penalty. Case-Laws Central Excise Fri, 06 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88151