https://www.taxtmi.com/caselaws?id=115828 Rule 6(3) of the Cenvat Credit Rules, 2002 distinguished between specified exempted goods for which reversal of attributable Modvat credit could apply and other exempted clearances requiring payment calculated on the price. Reversal of input credit was therefore not treated as automatically eliminating the payment obligation for every exempted clearance. The Tribunal found no strong prima facie basis for unconditional waiver of pre-deposit, but considered full pre-deposit unnecessary at the interim stage. Stay relief was partly granted through a reduced pre-deposit requirement, with release of detained goods conditional on payment. en-us Thu, 16 Dec 2004 00:00:00 +0530 Mon, 04 Jun 2012 15:06:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115828 Rule 6(3) of the Cenvat Credit Rules, 2002 distinguished between specified exempted goods for which reversal of attributable Modvat credit could apply and other exempted clearances requiring payment calculated on the price. Reversal of input credit was therefore not treated as automatically eliminating the payment obligation for every exempted clearance. The Tribunal found no strong prima facie basis for unconditional waiver of pre-deposit, but considered full pre-deposit unnecessary at the interim stage. Stay relief was partly granted through a reduced pre-deposit requirement, with release of detained goods conditional on payment. Case-Laws Central Excise Thu, 16 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115828