https://www.taxtmi.com/caselaws?id=100889 Waiver of pre-deposit and stay of recovery were found justified where the disputed Modvat credit demand arose from conversion of the unit into a 100% EOU and alleged incorrect credit availment. The applicants argued that credit had been taken only on certain goods, that the disputed documents related to goods on which no credit had been availed, and that the remaining credit had already been reversed, with the RG 23A register supporting that position. The Tribunal also took note of the Board's circular and the financial hardship shown, and treated the Commissioner's failure to examine the register entries as material. On that basis, a fit case for waiver and stay was established. en-us Tue, 09 Oct 2001 00:00:00 +0530 Tue, 07 Feb 2012 16:11:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100889 Waiver of pre-deposit and stay of recovery were found justified where the disputed Modvat credit demand arose from conversion of the unit into a 100% EOU and alleged incorrect credit availment. The applicants argued that credit had been taken only on certain goods, that the disputed documents related to goods on which no credit had been availed, and that the remaining credit had already been reversed, with the RG 23A register supporting that position. The Tribunal also took note of the Board's circular and the financial hardship shown, and treated the Commissioner's failure to examine the register entries as material. On that basis, a fit case for waiver and stay was established. Case-Laws Central Excise Tue, 09 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100889