https://www.taxtmi.com/caselaws?id=248019 Rule 16 of the CENVAT Credit Rules, 2002 was applied to credit taken on standby transformers supplied during repairs of transformers returned by customers. The appellant argued, on the basis of precedent, that credit was admissible on returned finished goods and sought waiver of pre-deposit and stay of recovery against the duty demand. The Tribunal accepted that a prima facie case had been made out on this issue and granted full interim relief, allowing 100% waiver of pre-deposit and stay of recovery pending the appeal. en-us Thu, 06 Mar 2014 00:00:00 +0530 Fri, 05 Sep 2014 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248019 Rule 16 of the CENVAT Credit Rules, 2002 was applied to credit taken on standby transformers supplied during repairs of transformers returned by customers. The appellant argued, on the basis of precedent, that credit was admissible on returned finished goods and sought waiver of pre-deposit and stay of recovery against the duty demand. The Tribunal accepted that a prima facie case had been made out on this issue and granted full interim relief, allowing 100% waiver of pre-deposit and stay of recovery pending the appeal. Case-Laws Central Excise Thu, 06 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248019