https://www.taxtmi.com/caselaws?id=92123 Pre-deposit of penalty in stay proceedings may be waived where a prima facie case supports protection from immediate recovery. Complete waiver and stay of recovery may be granted in Customs penalty matters where the circumstances do not require immediate security. In Central Excise penalty matters, the facts and the company's financial condition may justify only partial waiver, requiring a limited deposit while staying recovery of the balance pending appeal. The governing approach balances prima facie merits, case-specific circumstances and financial hardship when determining pre-deposit requirements. en-us Fri, 04 Jun 1999 00:00:00 +0530 Mon, 24 Oct 2011 18:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92123 Pre-deposit of penalty in stay proceedings may be waived where a prima facie case supports protection from immediate recovery. Complete waiver and stay of recovery may be granted in Customs penalty matters where the circumstances do not require immediate security. In Central Excise penalty matters, the facts and the company's financial condition may justify only partial waiver, requiring a limited deposit while staying recovery of the balance pending appeal. The governing approach balances prima facie merits, case-specific circumstances and financial hardship when determining pre-deposit requirements. Case-Laws Central Excise Fri, 04 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92123