https://www.taxtmi.com/caselaws?id=94904 A prima facie case was found for waiver of pre-deposit and stay of recovery in a Modvat credit dispute concerning coolants, lubricating oils and PTFE coated glass cloth used in manufacture under Rule 57A. The appellant relied on case law treating consumables and process inputs as eligible for credit, while the Revenue argued that items used only for better machinery operation fall outside the Modvat scheme. On that basis, the tribunal accepted the appellant's reliance on authorities recognising similar inputs and granted waiver of duty and penalty pre-deposit pending appeal, with recovery stayed during the appeal. en-us Thu, 07 Sep 2000 00:00:00 +0530 Mon, 05 Dec 2011 17:07:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94904 A prima facie case was found for waiver of pre-deposit and stay of recovery in a Modvat credit dispute concerning coolants, lubricating oils and PTFE coated glass cloth used in manufacture under Rule 57A. The appellant relied on case law treating consumables and process inputs as eligible for credit, while the Revenue argued that items used only for better machinery operation fall outside the Modvat scheme. On that basis, the tribunal accepted the appellant's reliance on authorities recognising similar inputs and granted waiver of duty and penalty pre-deposit pending appeal, with recovery stayed during the appeal. Case-Laws Central Excise Thu, 07 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94904