https://www.taxtmi.com/caselaws?id=95028 Prima facie case was shown for waiver of pre-deposit of a penalty imposed under Rule 173Q of the Central Excise Rules, 1944, because the disputed Modvat credit had already been reversed before the adjudication order and the applicants denied any fraudulent intention. On the limited stay question, the Tribunal held that these facts justified protection against immediate recovery, and recovery of the penalty was stayed during pendency of the appeal. en-us Wed, 01 Nov 2000 00:00:00 +0530 Wed, 07 Dec 2011 13:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95028 Prima facie case was shown for waiver of pre-deposit of a penalty imposed under Rule 173Q of the Central Excise Rules, 1944, because the disputed Modvat credit had already been reversed before the adjudication order and the applicants denied any fraudulent intention. On the limited stay question, the Tribunal held that these facts justified protection against immediate recovery, and recovery of the penalty was stayed during pendency of the appeal. Case-Laws Central Excise Wed, 01 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95028