https://www.taxtmi.com/caselaws?id=118735 Transitional Cenvat credit on declared grey fabrics was treated as admissible only at 6% of value under the relevant notification, so excess credit taken at 8.636% appeared prima facie recoverable and liable to reversal. Limitation for recovery was examined by reference to the relevant date for registered dealers filing periodic returns, and notices issued before the due date for the quarterly return were treated as prima facie within time. As no strong case on merits or limitation and no financial hardship was shown, waiver of pre-deposit was refused and deposit of the credit amount was directed as a condition for interim relief. en-us Tue, 05 Jul 2005 00:00:00 +0530 Thu, 05 Jul 2012 14:18:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118735 Transitional Cenvat credit on declared grey fabrics was treated as admissible only at 6% of value under the relevant notification, so excess credit taken at 8.636% appeared prima facie recoverable and liable to reversal. Limitation for recovery was examined by reference to the relevant date for registered dealers filing periodic returns, and notices issued before the due date for the quarterly return were treated as prima facie within time. As no strong case on merits or limitation and no financial hardship was shown, waiver of pre-deposit was refused and deposit of the credit amount was directed as a condition for interim relief. Case-Laws Central Excise Tue, 05 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118735