https://www.taxtmi.com/caselaws?id=109909 The Tribunal dispensed with the predeposit condition for the balance amount of duty and proceeded to hear the appeal with the consent of both sides. It held that Modvat credit should have been adjusted against the confirmed demand on inputs used in the manufacture of exempted final products. The Tribunal allowed Modvat credit on inputs lying in stock as of the date of the final product's exemption. The impugned order was set aside, and the matter was remanded to the Assistant Commissioner for re-quantifying any demand. The appeal was allowed by way of remand, and the stay petition was disposed of. en-us Tue, 08 Jul 2003 00:00:00 +0530 Thu, 12 Apr 2012 17:30:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109909 The Tribunal dispensed with the predeposit condition for the balance amount of duty and proceeded to hear the appeal with the consent of both sides. It held that Modvat credit should have been adjusted against the confirmed demand on inputs used in the manufacture of exempted final products. The Tribunal allowed Modvat credit on inputs lying in stock as of the date of the final product's exemption. The impugned order was set aside, and the matter was remanded to the Assistant Commissioner for re-quantifying any demand. The appeal was allowed by way of remand, and the stay petition was disposed of. Case-Laws Central Excise Tue, 08 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109909