https://www.taxtmi.com/caselaws?id=101064 The court upheld the denial of deemed Modvat credit under Notification No. 58/97-C.E. (N.T.) on inputs supplied by manufacturers under the Compounded Levy Scheme. The judge found that the condition of appropriate duty payment by the manufacturers was mandatory for Modvat credit eligibility. The applicants were directed to deposit a specified amount within a given period to waive pre-deposit and stay of recovery for the remaining duty and penalty amounts, as their plea of financial hardships lacked supporting evidence. en-us Thu, 17 Jan 2002 00:00:00 +0530 Wed, 08 Feb 2012 14:02:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101064 The court upheld the denial of deemed Modvat credit under Notification No. 58/97-C.E. (N.T.) on inputs supplied by manufacturers under the Compounded Levy Scheme. The judge found that the condition of appropriate duty payment by the manufacturers was mandatory for Modvat credit eligibility. The applicants were directed to deposit a specified amount within a given period to waive pre-deposit and stay of recovery for the remaining duty and penalty amounts, as their plea of financial hardships lacked supporting evidence. Case-Laws Central Excise Thu, 17 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101064