https://www.taxtmi.com/caselaws?id=91769 Waiver of pre-deposit and stay of recovery may be granted where the applicant shows a strong prima facie case on valuation and limitation. In a job-worker valuation dispute over soaps, the assessable value was computed on cost of manufacture and profit without adding duty paid on inputs on which Modvat credit had been taken. The Tribunal found the cited valuation precedent prima facie favourable to the applicant and held that the show cause notice did not disclose the factual basis required to invoke the extended period. As the department had knowledge of the valuation method and no prima facie suppression or misstatement was shown, deposit was waived and recovery stayed. en-us Fri, 09 Apr 1999 00:00:00 +0530 Thu, 20 Oct 2011 17:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91769 Waiver of pre-deposit and stay of recovery may be granted where the applicant shows a strong prima facie case on valuation and limitation. In a job-worker valuation dispute over soaps, the assessable value was computed on cost of manufacture and profit without adding duty paid on inputs on which Modvat credit had been taken. The Tribunal found the cited valuation precedent prima facie favourable to the applicant and held that the show cause notice did not disclose the factual basis required to invoke the extended period. As the department had knowledge of the valuation method and no prima facie suppression or misstatement was shown, deposit was waived and recovery stayed. Case-Laws Central Excise Fri, 09 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91769