https://www.taxtmi.com/caselaws?id=92160 Pre-deposit of penalty was considered for waiver pending appeal where the assessee had filed declarations under Rule 57F(17)(b), reversed Modvat credit for goods described as semi-finished, and showed those goods in the declarations. The Tribunal found a prima facie case that the goods should have been entered in the final RG 1 records and also noted that the reference had been registered before the BIFR, engaging the protection against continuation of proceedings against an industrial unit after such registration. On that basis, the pre-deposit condition was dispensed with and stay was granted unconditionally. en-us Thu, 22 Jul 1999 00:00:00 +0530 Tue, 25 Oct 2011 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92160 Pre-deposit of penalty was considered for waiver pending appeal where the assessee had filed declarations under Rule 57F(17)(b), reversed Modvat credit for goods described as semi-finished, and showed those goods in the declarations. The Tribunal found a prima facie case that the goods should have been entered in the final RG 1 records and also noted that the reference had been registered before the BIFR, engaging the protection against continuation of proceedings against an industrial unit after such registration. On that basis, the pre-deposit condition was dispensed with and stay was granted unconditionally. Case-Laws Central Excise Thu, 22 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92160