https://www.taxtmi.com/caselaws?id=112977 The court directed the applicants to pre-deposit Rs. 3 Lakhs within 6 weeks to challenge the disallowance of Modvat credits for Light Diesel Oil and Furnace Oil, as well as the imposed penalty of Rs. 37,000. Compliance with this directive would result in a waiver of the pre-deposit requirement and a stay on the recovery of the penalty and outstanding duty amount. en-us Mon, 05 Apr 2004 00:00:00 +0530 Thu, 03 May 2012 11:07:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112977 The court directed the applicants to pre-deposit Rs. 3 Lakhs within 6 weeks to challenge the disallowance of Modvat credits for Light Diesel Oil and Furnace Oil, as well as the imposed penalty of Rs. 37,000. Compliance with this directive would result in a waiver of the pre-deposit requirement and a stay on the recovery of the penalty and outstanding duty amount. Case-Laws Central Excise Mon, 05 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112977