https://www.taxtmi.com/caselaws?id=90137 Entitlement to full waiver of pre-deposit in a stay application turned on whether air-conditioners used in the manufacture of hair dye qualified as capital goods under Rule 57Q of the Central Excise Rules for Modvat credit. The scope of capital goods and the role of the equipment in the manufacturing process were treated as arguable, but the merits were not examined in detail at the stay stage. Full waiver was refused, and the applicants were directed to deposit Rs. 30,000; on that deposit, the balance duty and penalty were dispensed with and recovery remained stayed. en-us Mon, 20 Jul 1998 00:00:00 +0530 Mon, 03 Oct 2011 17:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90137 Entitlement to full waiver of pre-deposit in a stay application turned on whether air-conditioners used in the manufacture of hair dye qualified as capital goods under Rule 57Q of the Central Excise Rules for Modvat credit. The scope of capital goods and the role of the equipment in the manufacturing process were treated as arguable, but the merits were not examined in detail at the stay stage. Full waiver was refused, and the applicants were directed to deposit Rs. 30,000; on that deposit, the balance duty and penalty were dispensed with and recovery remained stayed. Case-Laws Central Excise Mon, 20 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90137