https://www.taxtmi.com/caselaws?id=80773 Waiver of pre-deposit under section 35F of the Central Excises and Salt Act, 1944 depends on a combined assessment of prima facie merits, financial hardship, liquidity and balance of convenience. The Tribunal found arguable issues on the merits but held that the applicants' financial position was sound, relying on profitability, turnover, cash and bank balances, and sundry debtors. It therefore moulded interim relief differently for the applicants: the principal applicant was required to deposit the duty amount, though penalty pre-deposit was waived, while the penalties of the sister concerns were fully waived and recovery stayed during the appeals. en-us Sun, 09 Sep 1990 00:00:00 +0530 Mon, 20 Jun 2011 12:35:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80773 Waiver of pre-deposit under section 35F of the Central Excises and Salt Act, 1944 depends on a combined assessment of prima facie merits, financial hardship, liquidity and balance of convenience. The Tribunal found arguable issues on the merits but held that the applicants' financial position was sound, relying on profitability, turnover, cash and bank balances, and sundry debtors. It therefore moulded interim relief differently for the applicants: the principal applicant was required to deposit the duty amount, though penalty pre-deposit was waived, while the penalties of the sister concerns were fully waived and recovery stayed during the appeals. Case-Laws Central Excise Sun, 09 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80773