https://www.taxtmi.com/caselaws?id=94757 In a stay petition under Section 35F of the Central Excises and Salt Act, 1944, the Tribunal considered whether a transferee unit had shown a prima facie case for waiver of pre-deposit in relation to duty and penalty demands. The members assessed the transferee-liability objection for the earlier period, the plea of deemed Modvat credit, and the financial hardship claimed by the appellants. By majority, the Tribunal granted substantial interim protection, directed a limited pre-deposit of Rs. 5 lakhs, and stayed recovery of the balance during the appeal on compliance. en-us Fri, 27 Mar 1998 00:00:00 +0530 Thu, 16 Dec 2021 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94757 In a stay petition under Section 35F of the Central Excises and Salt Act, 1944, the Tribunal considered whether a transferee unit had shown a prima facie case for waiver of pre-deposit in relation to duty and penalty demands. The members assessed the transferee-liability objection for the earlier period, the plea of deemed Modvat credit, and the financial hardship claimed by the appellants. By majority, the Tribunal granted substantial interim protection, directed a limited pre-deposit of Rs. 5 lakhs, and stayed recovery of the balance during the appeal on compliance. Case-Laws Central Excise Fri, 27 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94757