1998 (1) TMI 149 - AT - Central Excise

Summary

The judgment deals with an application for dispensing with pre-deposit of Rs. 41,73,425/- for capital goods Modvat credit and Rs. 1,00,000/- penalty. The applicant used chlorine cylinders for storage and transport of liquid chlorine gas in manufacturing caustic soda. Tribunal directed deposit of Rs. 10,00,000/- for hearing the appeal on merits, with balance amount stayed. Compliance to be checked on 4th March, 1998.