https://www.taxtmi.com/caselaws?id=88547 A stay application concerning denial of deemed Modvat credit on re-rollable steel material examined whether pre-deposit of duty should be waived. The Tribunal read the Government of India order on deemed Modvat credit together with Rule 57G of the Central Excise Rules and noted that the order did not expressly require proof that the material was duty paid, but only the stated conditions for credit eligibility. In light of conflicting judicial views and the prima facie strength of the applicants' case, the Tribunal dispensed with pre-deposit, directed early hearing of the appeals, and kept recovery of penalty stayed pending appeal. en-us Mon, 02 Mar 1998 00:00:00 +0530 Mon, 19 Sep 2011 16:09:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88547 A stay application concerning denial of deemed Modvat credit on re-rollable steel material examined whether pre-deposit of duty should be waived. The Tribunal read the Government of India order on deemed Modvat credit together with Rule 57G of the Central Excise Rules and noted that the order did not expressly require proof that the material was duty paid, but only the stated conditions for credit eligibility. In light of conflicting judicial views and the prima facie strength of the applicants' case, the Tribunal dispensed with pre-deposit, directed early hearing of the appeals, and kept recovery of penalty stayed pending appeal. Case-Laws Central Excise Mon, 02 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88547