https://www.taxtmi.com/caselaws?id=92344 Waiver of pre-deposit was considered in a dispute over captive consumption of air-conditioner parts cleared under an exemption notification, together with the assessee's prima facie challenge to invocation of the extended period on alleged suppression. The tribunal granted waiver of the duty and penalty pre-deposit in substance, treating the assessee as having shown sufficient prima facie grounds at this stage. The relief was made conditional on freezing the Modvat account to the extent directed, preserving revenue safeguards while dispensing with immediate deposit. en-us Tue, 03 Feb 1998 00:00:00 +0530 Mon, 31 Oct 2011 18:41:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92344 Waiver of pre-deposit was considered in a dispute over captive consumption of air-conditioner parts cleared under an exemption notification, together with the assessee's prima facie challenge to invocation of the extended period on alleged suppression. The tribunal granted waiver of the duty and penalty pre-deposit in substance, treating the assessee as having shown sufficient prima facie grounds at this stage. The relief was made conditional on freezing the Modvat account to the extent directed, preserving revenue safeguards while dispensing with immediate deposit. Case-Laws Central Excise Tue, 03 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92344