https://www.taxtmi.com/caselaws?id=105612 Severe financial hardship justified waiver of pre-deposit where the project had stopped, the sole customer had defaulted, lenders had taken control of the accounts, and imported goods and a bank guarantee were already in place. On those facts, insisting on pre-deposit of duty and penalty was considered likely to cause grave hardship, without any determination on the merits. Waiver was granted subject to the applicants not clearing the pending goods and keeping the bank guarantee alive during the appeal. en-us Fri, 28 Dec 2001 00:00:00 +0530 Tue, 06 Mar 2012 15:40:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105612 Severe financial hardship justified waiver of pre-deposit where the project had stopped, the sole customer had defaulted, lenders had taken control of the accounts, and imported goods and a bank guarantee were already in place. On those facts, insisting on pre-deposit of duty and penalty was considered likely to cause grave hardship, without any determination on the merits. Waiver was granted subject to the applicants not clearing the pending goods and keeping the bank guarantee alive during the appeal. Case-Laws Customs Fri, 28 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105612