https://www.taxtmi.com/caselaws?id=115199 Entitlement to Cenvat credit on capital goods received before 1-4-2000 was assessed by reference to the Modvat regime and the transitional treatment of unutilised credit then in force, not the later Cenvat scheme. Because the goods were received in January and February 2000 while the appellant operated under the compounded levy scheme, the request for complete dispensation of duty and penalty was rejected. Limited interim relief was nevertheless granted against the balance demand on payment of a directed amount within time, leaving the stay application only partly allowed. en-us Mon, 14 Feb 2005 00:00:00 +0530 Thu, 24 May 2012 16:17:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115199 Entitlement to Cenvat credit on capital goods received before 1-4-2000 was assessed by reference to the Modvat regime and the transitional treatment of unutilised credit then in force, not the later Cenvat scheme. Because the goods were received in January and February 2000 while the appellant operated under the compounded levy scheme, the request for complete dispensation of duty and penalty was rejected. Limited interim relief was nevertheless granted against the balance demand on payment of a directed amount within time, leaving the stay application only partly allowed. Case-Laws Central Excise Mon, 14 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115199