https://www.taxtmi.com/caselaws?id=114405 Modvat credit allegations under Notification No. 203/92 were used to confirm duty and penalty on the premise that credit had been wrongly taken despite the duty-free import condition. The CESTAT noted that the show cause notices and impugned orders did not disclose the basis for alleging that the transferor-manufacturer of the export goods had availed Modvat credit. On that limited record, a prima facie case for waiver of pre-deposit was found. Waiver of pre-deposit was granted and recovery of duty and penalty was stayed pending appeal. en-us Thu, 02 Sep 2004 00:00:00 +0530 Tue, 15 May 2012 14:22:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114405 Modvat credit allegations under Notification No. 203/92 were used to confirm duty and penalty on the premise that credit had been wrongly taken despite the duty-free import condition. The CESTAT noted that the show cause notices and impugned orders did not disclose the basis for alleging that the transferor-manufacturer of the export goods had availed Modvat credit. On that limited record, a prima facie case for waiver of pre-deposit was found. Waiver of pre-deposit was granted and recovery of duty and penalty was stayed pending appeal. Case-Laws Customs Thu, 02 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114405