https://www.taxtmi.com/caselaws?id=91358 Interim waiver of pre-deposit may be granted partly where the appeal raises an arguable case and the applicant shows financial hardship. The order accepted that the dispute on merits was debatable, including the assessee's contention that duty and Modvat credit had not been properly deducted from the demand, and it also considered the company's financial condition. Complete waiver was declined, but the deposit amount was substantially reduced; the assessee was directed to deposit Rs. 1 lakh within eight weeks, and the balance duty and penalty were waived with recovery stayed during the appeal. en-us Fri, 19 Feb 1999 00:00:00 +0530 Mon, 17 Oct 2011 15:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91358 Interim waiver of pre-deposit may be granted partly where the appeal raises an arguable case and the applicant shows financial hardship. The order accepted that the dispute on merits was debatable, including the assessee's contention that duty and Modvat credit had not been properly deducted from the demand, and it also considered the company's financial condition. Complete waiver was declined, but the deposit amount was substantially reduced; the assessee was directed to deposit Rs. 1 lakh within eight weeks, and the balance duty and penalty were waived with recovery stayed during the appeal. Case-Laws Central Excise Fri, 19 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91358