https://www.taxtmi.com/caselaws?id=100602 Subsequent registration of an assessee's reference before the BIFR under the Sick Industrial Companies (Special Provisions) Act, 1985 justified modification of an earlier stay order. Once the reference was registered, Section 22 protection against recovery became available, so the Tribunal waived the pre-deposit of duty and penalty. The Tribunal also noted that the earlier stay order had already relied on the Supreme Court's ruling in Real Value Appliances and had preserved the Revenue's liberty to pursue remedies before the BIFR. en-us Wed, 25 Jul 2001 00:00:00 +0530 Fri, 03 Feb 2012 14:28:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100602 Subsequent registration of an assessee's reference before the BIFR under the Sick Industrial Companies (Special Provisions) Act, 1985 justified modification of an earlier stay order. Once the reference was registered, Section 22 protection against recovery became available, so the Tribunal waived the pre-deposit of duty and penalty. The Tribunal also noted that the earlier stay order had already relied on the Supreme Court's ruling in Real Value Appliances and had preserved the Revenue's liberty to pursue remedies before the BIFR. Case-Laws Central Excise Wed, 25 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100602