https://www.taxtmi.com/caselaws?id=126344 Pre-deposit of duty and equivalent penalty was waived where the applicants showed that the excise duty element on capital goods had already been treated as income and subjected to tax, thereby neutralising the depreciation benefit. As that factual contention was not controverted, the Tribunal found a prima facie case for interim relief in the waiver application and stayed recovery pending disposal of the appeal. en-us Tue, 28 Apr 2009 00:00:00 +0530 Mon, 05 Nov 2012 16:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126344 Pre-deposit of duty and equivalent penalty was waived where the applicants showed that the excise duty element on capital goods had already been treated as income and subjected to tax, thereby neutralising the depreciation benefit. As that factual contention was not controverted, the Tribunal found a prima facie case for interim relief in the waiver application and stayed recovery pending disposal of the appeal. Case-Laws Central Excise Tue, 28 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126344