https://www.taxtmi.com/caselaws?id=250931 Waiver of pre-deposit and stay of recovery were considered in a dispute over reversal of Cenvat credit on inputs alleged to have been written off or treated as non-moving items. The operative question was whether the goods, though written off in the books, remained available in the factory and whether credit had been properly reversed where goods were removed; an asserted overlap with an earlier show-cause notice could not be finally examined at the waiver stage. On a prima facie assessment of the evidence and rival contentions, partial relief was granted by directing a 25% deposit and staying recovery of the balance during the appeal. en-us Fri, 20 Jun 2014 00:00:00 +0530 Fri, 29 Aug 2014 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250931 Waiver of pre-deposit and stay of recovery were considered in a dispute over reversal of Cenvat credit on inputs alleged to have been written off or treated as non-moving items. The operative question was whether the goods, though written off in the books, remained available in the factory and whether credit had been properly reversed where goods were removed; an asserted overlap with an earlier show-cause notice could not be finally examined at the waiver stage. On a prima facie assessment of the evidence and rival contentions, partial relief was granted by directing a 25% deposit and staying recovery of the balance during the appeal. Case-Laws Central Excise Fri, 20 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250931