https://www.taxtmi.com/caselaws?id=105014 Waiver of pre-deposit and stay of recovery were considered in an appeal involving valuation, Modvat credit, penalty exposure under Rule 173Q read with Section 11AC, and limitation. The Tribunal noted that the valuation question, including whether freight and insurance formed part of assessable value, was already pending before the Supreme Court and that Tribunal rulings were conflicting. It also found a strong prima facie case on limitation because the extended period had been invoked on alleged suppression of material facts. Balancing these factors against the interests of Revenue, the Tribunal granted full waiver of duty and penalty pre-deposit and stayed recovery. en-us Tue, 08 Oct 2002 00:00:00 +0530 Fri, 02 Mar 2012 11:44:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105014 Waiver of pre-deposit and stay of recovery were considered in an appeal involving valuation, Modvat credit, penalty exposure under Rule 173Q read with Section 11AC, and limitation. The Tribunal noted that the valuation question, including whether freight and insurance formed part of assessable value, was already pending before the Supreme Court and that Tribunal rulings were conflicting. It also found a strong prima facie case on limitation because the extended period had been invoked on alleged suppression of material facts. Balancing these factors against the interests of Revenue, the Tribunal granted full waiver of duty and penalty pre-deposit and stayed recovery. Case-Laws Central Excise Tue, 08 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105014