https://www.taxtmi.com/caselaws?id=253219 The court set aside the order of the Customs Excise & Service Tax Appellate Tribunal, directing reconsideration of the waiver of pre-deposit and penalties for the petitioner, a manufacturer facing demands for reversal of Cenvat credit due to alleged clearance of 'waste and scrap' at a low price. The court emphasized the importance of considering financial hardship and undue hardship in such cases, highlighting the need for an objective exercise of discretion by the tribunal. The judgment stressed the necessity of addressing issues of limitation and financial position adequately, ensuring a fair and lawful process in the decision-making. en-us Fri, 31 Oct 2014 00:00:00 +0530 Thu, 04 Jun 2015 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253219 The court set aside the order of the Customs Excise & Service Tax Appellate Tribunal, directing reconsideration of the waiver of pre-deposit and penalties for the petitioner, a manufacturer facing demands for reversal of Cenvat credit due to alleged clearance of 'waste and scrap' at a low price. The court emphasized the importance of considering financial hardship and undue hardship in such cases, highlighting the need for an objective exercise of discretion by the tribunal. The judgment stressed the necessity of addressing issues of limitation and financial position adequately, ensuring a fair and lawful process in the decision-making. Case-Laws Central Excise Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253219