https://www.taxtmi.com/caselaws?id=119706 Waiver of pre-deposit was sought on the ground that capital goods had been written off in the books, but remained physically in the factory. The dispute turned on Rule 57S of the Central Excise Rules, under which reversal of credit was contended to arise only on removal of the capital goods from the factory. As removal had not occurred, the factual basis for demanding immediate pre-deposit was not established. On that footing, waiver of pre-deposit of the duty and penalty was granted and the stay petition was allowed. en-us Thu, 25 May 2006 00:00:00 +0530 Thu, 12 Jul 2012 16:18:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119706 Waiver of pre-deposit was sought on the ground that capital goods had been written off in the books, but remained physically in the factory. The dispute turned on Rule 57S of the Central Excise Rules, under which reversal of credit was contended to arise only on removal of the capital goods from the factory. As removal had not occurred, the factual basis for demanding immediate pre-deposit was not established. On that footing, waiver of pre-deposit of the duty and penalty was granted and the stay petition was allowed. Case-Laws Central Excise Thu, 25 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119706