https://www.taxtmi.com/caselaws?id=89623 Pre-deposit of duty was sought to be modified and fully waived on the basis of alleged financial deterioration and the company's registration before the BIFR. Mere pendency of a sickness reference was treated as insufficient to show inability to comply with the earlier stay direction requiring a deposit of Rs. 3 lakhs. The request for complete waiver was therefore rejected for want of sufficient grounds to dispense with the pre-deposit, although the time for compliance was extended by a further 8 weeks. en-us Wed, 28 Oct 1998 00:00:00 +0530 Wed, 28 Sep 2011 15:21:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89623 Pre-deposit of duty was sought to be modified and fully waived on the basis of alleged financial deterioration and the company's registration before the BIFR. Mere pendency of a sickness reference was treated as insufficient to show inability to comply with the earlier stay direction requiring a deposit of Rs. 3 lakhs. The request for complete waiver was therefore rejected for want of sufficient grounds to dispense with the pre-deposit, although the time for compliance was extended by a further 8 weeks. Case-Laws Central Excise Wed, 28 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89623