https://www.taxtmi.com/caselaws?id=240234 In a pre-deposit and stay application, the Tribunal held that the appellant had not shown a prima facie case for complete waiver of duty and penalty arising from CENVAT credit on rails treated as capital goods and inputs, especially since the rails were also capitalised in the accounts and balance sheet. It therefore declined full waiver and granted only partial interim relief by directing a specified deposit. On compliance, the remaining demand was to be kept in abeyance and recovery stayed during the appeal. en-us Wed, 04 Jul 2012 00:00:00 +0530 Mon, 14 Sep 2015 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240234 In a pre-deposit and stay application, the Tribunal held that the appellant had not shown a prima facie case for complete waiver of duty and penalty arising from CENVAT credit on rails treated as capital goods and inputs, especially since the rails were also capitalised in the accounts and balance sheet. It therefore declined full waiver and granted only partial interim relief by directing a specified deposit. On compliance, the remaining demand was to be kept in abeyance and recovery stayed during the appeal. Case-Laws Central Excise Wed, 04 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240234