https://www.taxtmi.com/caselaws?id=119434 The Appellate Tribunal CESTAT, Mumbai granted the appellant's prayer for dispensing with the pre-deposit of duty amount due to the denial of Cenvat Credit, as the appellant had paid duty on their final product using Modvat credit. The Tribunal found that offsetting the denied credit against the duty paid would result in revenue neutrality, in line with a Supreme Court decision. Recognizing the appellant's prima facie case, the Tribunal unconditionally allowed the stay petition and scheduled the main appeal for final disposal on a specific date. en-us Mon, 20 Feb 2006 00:00:00 +0530 Wed, 11 Jul 2012 11:05:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119434 The Appellate Tribunal CESTAT, Mumbai granted the appellant's prayer for dispensing with the pre-deposit of duty amount due to the denial of Cenvat Credit, as the appellant had paid duty on their final product using Modvat credit. The Tribunal found that offsetting the denied credit against the duty paid would result in revenue neutrality, in line with a Supreme Court decision. Recognizing the appellant's prima facie case, the Tribunal unconditionally allowed the stay petition and scheduled the main appeal for final disposal on a specific date. Case-Laws Central Excise Mon, 20 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119434