https://www.taxtmi.com/caselaws?id=88817 In a stay application concerning Modvat credit and penalty, the Tribunal found a prima facie case for credit on Transformers, Static Converters, Conduit PVC Arm Cable, and Final Washing Assembly/HCL Tail Gas Assembly as capital goods. Credit on resins, Bakelite sheets, and M. Seal was treated as debatable and left for detailed examination at final hearing. Balancing the equities, the Tribunal ordered deposit only of the amount attributable to the disputed items where no prima facie case was shown, and stayed the balance duty and penalty pending appeal after compliance. en-us Mon, 13 Apr 1998 00:00:00 +0530 Wed, 21 Sep 2011 15:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88817 In a stay application concerning Modvat credit and penalty, the Tribunal found a prima facie case for credit on Transformers, Static Converters, Conduit PVC Arm Cable, and Final Washing Assembly/HCL Tail Gas Assembly as capital goods. Credit on resins, Bakelite sheets, and M. Seal was treated as debatable and left for detailed examination at final hearing. Balancing the equities, the Tribunal ordered deposit only of the amount attributable to the disputed items where no prima facie case was shown, and stayed the balance duty and penalty pending appeal after compliance. Case-Laws Central Excise Mon, 13 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88817