https://www.taxtmi.com/caselaws?id=263093 The Court modified the Tribunal's order, reducing the pre-deposit amount to Rs. 6,65,81,395 related to credit denied on capital goods. The appellant was directed to pay 50% within four weeks and the remaining 50% within another four weeks, considering their financial hardship. The Court found merit in the appellant's claim and referenced relevant High Court decisions in justifying the adjustment. The Tribunal's order was deemed unsustainable in its entirety and required modification to balance financial considerations with Revenue interests. The appeals were allowed with the adjusted terms for pre-deposit, closing the connected Miscellaneous Petitions. en-us Thu, 11 Jun 2015 00:00:00 +0530 Thu, 15 Oct 2015 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263093 The Court modified the Tribunal's order, reducing the pre-deposit amount to Rs. 6,65,81,395 related to credit denied on capital goods. The appellant was directed to pay 50% within four weeks and the remaining 50% within another four weeks, considering their financial hardship. The Court found merit in the appellant's claim and referenced relevant High Court decisions in justifying the adjustment. The Tribunal's order was deemed unsustainable in its entirety and required modification to balance financial considerations with Revenue interests. The appeals were allowed with the adjusted terms for pre-deposit, closing the connected Miscellaneous Petitions. Case-Laws Service Tax Thu, 11 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263093