https://www.taxtmi.com/caselaws?id=99234 Prima facie waiver of pre-deposit was refused where the applicants were already operating under the Modvat scheme and the record did not show that the inputs were lying in stock on the relevant date or that credit had been taken in the normal course. On that basis, complete dispensing with the duty pre-deposit was not warranted. The applicants were directed to reverse the credit from the RG-23A Part-II account, and the penalty was waived subject to that reversal, with compliance to be verified before the appeal was heard. en-us Thu, 12 Oct 2000 00:00:00 +0530 Wed, 25 Jan 2012 16:35:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99234 Prima facie waiver of pre-deposit was refused where the applicants were already operating under the Modvat scheme and the record did not show that the inputs were lying in stock on the relevant date or that credit had been taken in the normal course. On that basis, complete dispensing with the duty pre-deposit was not warranted. The applicants were directed to reverse the credit from the RG-23A Part-II account, and the penalty was waived subject to that reversal, with compliance to be verified before the appeal was heard. Case-Laws Central Excise Thu, 12 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99234