1998 (6) TMI 334 - AT - Central Excise

Summary

The judgment is about an application for dispensing with a predeposit of Rs. 96,882.62 denied as Modvat credit. The denial was due to taking credit on inputs received under invoices in the name of loan licensees. The Tribunal referred to a previous decision where such invoices were accepted for Modvat purposes. Stay was granted on the demand due to the precedent decision.