https://www.taxtmi.com/caselaws?id=97781 At the stay stage, the Tribunal found no basis to suspend recovery of excess Modvat credit because the appellants had admittedly taken credit beyond the duty actually paid on the inputs covered by the challans. The departmental circular dealing with reconciliation of stockyard and depot quantities was not applied retrospectively, as the scheme was treated as operating prospectively for the relevant period. On that footing, the Tribunal saw no infirmity in the orders of the lower authorities and held that the appellants had not made out a case for stay. Stay relief was therefore declined, and the demanded deposit was upheld prima facie. en-us Thu, 22 Mar 2001 00:00:00 +0530 Wed, 18 Jan 2012 10:49:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97781 At the stay stage, the Tribunal found no basis to suspend recovery of excess Modvat credit because the appellants had admittedly taken credit beyond the duty actually paid on the inputs covered by the challans. The departmental circular dealing with reconciliation of stockyard and depot quantities was not applied retrospectively, as the scheme was treated as operating prospectively for the relevant period. On that footing, the Tribunal saw no infirmity in the orders of the lower authorities and held that the appellants had not made out a case for stay. Stay relief was therefore declined, and the demanded deposit was upheld prima facie. Case-Laws Central Excise Thu, 22 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97781