https://www.taxtmi.com/caselaws?id=116732 Where the dispute on reversal of Modvat credit was already covered by a binding Larger Bench ruling, insistence on pre-deposit of duty and penalty was found unnecessary. The Tribunal noted that the matter had been remanded specifically to examine the applicability of that ruling to inputs lying in stock when the final product became exempt, and the adjudicating authority was bound to follow the Tribunal's directions rather than re-examine them. On that basis, the pre-deposit condition was waived and the stay application was allowed unconditionally in favour of the assessee. en-us Fri, 14 Oct 2005 00:00:00 +0530 Sat, 16 Jun 2012 11:28:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116732 Where the dispute on reversal of Modvat credit was already covered by a binding Larger Bench ruling, insistence on pre-deposit of duty and penalty was found unnecessary. The Tribunal noted that the matter had been remanded specifically to examine the applicability of that ruling to inputs lying in stock when the final product became exempt, and the adjudicating authority was bound to follow the Tribunal's directions rather than re-examine them. On that basis, the pre-deposit condition was waived and the stay application was allowed unconditionally in favour of the assessee. Case-Laws Central Excise Fri, 14 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116732