https://www.taxtmi.com/caselaws?id=235765 Waiver of pre-deposit was justified where the assessee had already reversed the Cenvat or Modvat credit and discharged interest, and the penalty under Rule 173Q lacked specific reasoning and identification of the sub-clause invoked. Because the lower authorities had not recorded a clear basis for applying the penal provision, the appellant established a prima facie case at the stay stage. Recovery of the penalty was therefore stayed pending disposal of the appeal. en-us Thu, 27 Jun 2013 00:00:00 +0530 Sat, 03 Aug 2013 08:07:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235765 Waiver of pre-deposit was justified where the assessee had already reversed the Cenvat or Modvat credit and discharged interest, and the penalty under Rule 173Q lacked specific reasoning and identification of the sub-clause invoked. Because the lower authorities had not recorded a clear basis for applying the penal provision, the appellant established a prima facie case at the stay stage. Recovery of the penalty was therefore stayed pending disposal of the appeal. Case-Laws Central Excise Thu, 27 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235765