https://www.taxtmi.com/caselaws?id=92046 Waiver of pre-deposit was considered on two grounds: a prima facie arguable case on merits and financial hardship. The tribunal found the demand not immediately sustainable at the interim stage because the record did not establish the relevant relationship under the excise provision and there was no satisfactory material to support price depression by comparison with comparable goods. It also accepted pleaded losses, closure of the factory, resignation of directors, retrenchment of staff, and the appellant's overall financial condition as constituting hardship. Pre-deposit was therefore waived, subject to an undertaking not to transfer or alienate the plant and machinery until disposal of the appeal. en-us Wed, 19 Aug 1998 00:00:00 +0530 Mon, 24 Oct 2011 12:20:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92046 Waiver of pre-deposit was considered on two grounds: a prima facie arguable case on merits and financial hardship. The tribunal found the demand not immediately sustainable at the interim stage because the record did not establish the relevant relationship under the excise provision and there was no satisfactory material to support price depression by comparison with comparable goods. It also accepted pleaded losses, closure of the factory, resignation of directors, retrenchment of staff, and the appellant's overall financial condition as constituting hardship. Pre-deposit was therefore waived, subject to an undertaking not to transfer or alienate the plant and machinery until disposal of the appeal. Case-Laws Central Excise Wed, 19 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92046