https://www.taxtmi.com/caselaws?id=118551 The Appellate Tribunal CESTAT, New Delhi granted the application for waiver of pre-deposit of duty amounting to Rs. 50,45,263. The Tribunal ruled in favor of the appellant, who was engaged in manufacturing H.B. Wire, allowing the credit for duty paid on raw material and wire rods. Citing legal precedents, including cases where similar demands were set aside, the Tribunal emphasized that denying credit when duty paid exceeds the credit is not justified. Consequently, the Tribunal set aside the impugned order and allowed the appeal, waiving the pre-deposit of the entire duty for the appeal hearing. en-us Mon, 29 May 2006 00:00:00 +0530 Wed, 04 Jul 2012 11:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118551 The Appellate Tribunal CESTAT, New Delhi granted the application for waiver of pre-deposit of duty amounting to Rs. 50,45,263. The Tribunal ruled in favor of the appellant, who was engaged in manufacturing H.B. Wire, allowing the credit for duty paid on raw material and wire rods. Citing legal precedents, including cases where similar demands were set aside, the Tribunal emphasized that denying credit when duty paid exceeds the credit is not justified. Consequently, the Tribunal set aside the impugned order and allowed the appeal, waiving the pre-deposit of the entire duty for the appeal hearing. Case-Laws Central Excise Mon, 29 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118551