https://www.taxtmi.com/caselaws?id=83396 Waiver of pre-deposit of duty and penalty was sought on merits and financial hardship, but no prima facie case for complete waiver was made out. The Tribunal noted that the final product being treated as non-excisable did not by itself displace the then-applicable Modvat provisions, so the duty deposit requirement remained. The plea of accumulated losses was also found insufficient to justify total waiver. Deposit of the duty amount was directed, while the penalty pre-deposit was waived conditionally subject to compliance, with recovery stayed pending disposal of the appeal. en-us Mon, 25 Jul 1994 00:00:00 +0530 Wed, 13 Jul 2011 12:05:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83396 Waiver of pre-deposit of duty and penalty was sought on merits and financial hardship, but no prima facie case for complete waiver was made out. The Tribunal noted that the final product being treated as non-excisable did not by itself displace the then-applicable Modvat provisions, so the duty deposit requirement remained. The plea of accumulated losses was also found insufficient to justify total waiver. Deposit of the duty amount was directed, while the penalty pre-deposit was waived conditionally subject to compliance, with recovery stayed pending disposal of the appeal. Case-Laws Central Excise Mon, 25 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83396