Pre-deposit relief in assessable value dispute denied in full, with partial waiver granted subject to compliance.

In a dispute over whether an alleged rebate or deposit had to be included in assessable value, the Tribunal held that the applicant had not made out a case for complete waiver of pre-deposit of duty and penalty. It declined total waiver, directed pre-deposit of one crore, and stayed recovery of the balance duty and penalty during pendency of the appeal subject to compliance.

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Issues: Whether the applicant had made out a case for complete waiver of pre-deposit of duty and penalty, and consequent stay of recovery, in a dispute relating to inclusion of an alleged rebate or deposit in assessable value.

Outcome: The Tribunal declined total waiver and directed pre-deposit of Rs. one crore, with recovery of the balance duty and penalty stayed during pendency of the appeal on compliance.

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