https://www.taxtmi.com/caselaws?id=95454 A challenge to Modvat credit demand and penalty was treated as raising a strong prima facie case for interim relief because the dispute arose under the erstwhile Modvat rules, which had been repealed and replaced without a saving clause. The applicants relied on the repeal of Rules 57A to 57V and substitution by Rules 57AA to 57AK to argue that proceedings under the earlier regime should not continue in the same manner. The Tribunal accepted that the cited Supreme Court ruling and its own stay orders supported that contention, and granted waiver of pre-deposit and stay of recovery during the appeal. en-us Tue, 30 Jan 2001 00:00:00 +0530 Mon, 12 Dec 2011 15:25:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95454 A challenge to Modvat credit demand and penalty was treated as raising a strong prima facie case for interim relief because the dispute arose under the erstwhile Modvat rules, which had been repealed and replaced without a saving clause. The applicants relied on the repeal of Rules 57A to 57V and substitution by Rules 57AA to 57AK to argue that proceedings under the earlier regime should not continue in the same manner. The Tribunal accepted that the cited Supreme Court ruling and its own stay orders supported that contention, and granted waiver of pre-deposit and stay of recovery during the appeal. Case-Laws Central Excise Tue, 30 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95454