https://www.taxtmi.com/caselaws?id=45289 Pre-deposit under Section 35F of the Central Excise Act was considered in the context of a claimed Modvat credit under Rule 57B for high speed diesel oil used to generate electricity within the factory. The dispute was treated as turning mainly on the legal entitlement to such credit, with limited factual controversy, and the revenue's interest was balanced against the petitioner's liability position for the post-amendment period. On that basis, the pre-deposit condition was modified and the petitioner was directed to deposit Rs. 5 lakhs, with waiver of the remaining deposit. en-us Mon, 26 Apr 1999 00:00:00 +0530 Fri, 09 Jul 2010 16:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45289 Pre-deposit under Section 35F of the Central Excise Act was considered in the context of a claimed Modvat credit under Rule 57B for high speed diesel oil used to generate electricity within the factory. The dispute was treated as turning mainly on the legal entitlement to such credit, with limited factual controversy, and the revenue's interest was balanced against the petitioner's liability position for the post-amendment period. On that basis, the pre-deposit condition was modified and the petitioner was directed to deposit Rs. 5 lakhs, with waiver of the remaining deposit. Case-Laws Central Excise Mon, 26 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45289