https://www.taxtmi.com/caselaws?id=93728 The Tribunal considered NRC Ltd.'s appeal against the disallowance of Modvat credit and penalty imposition, acknowledging the arguable nature of Modvat credit eligibility for certain inputs. Despite financial hardship claims, the Tribunal directed a pre-deposit of Rs. 30,000 within a specified timeframe, staying recovery of the balance amount and penalty. The judgment balanced the appellant's financial situation with the need for compliance, resulting in a partial waiver based on the circumstances presented. en-us Fri, 30 Jun 2000 00:00:00 +0530 Wed, 16 Nov 2011 15:02:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93728 The Tribunal considered NRC Ltd.'s appeal against the disallowance of Modvat credit and penalty imposition, acknowledging the arguable nature of Modvat credit eligibility for certain inputs. Despite financial hardship claims, the Tribunal directed a pre-deposit of Rs. 30,000 within a specified timeframe, staying recovery of the balance amount and penalty. The judgment balanced the appellant's financial situation with the need for compliance, resulting in a partial waiver based on the circumstances presented. Case-Laws Central Excise Fri, 30 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93728