https://www.taxtmi.com/caselaws?id=118098 Severe financial hardship justified waiver of pre-deposit and stay of recovery where the appellant showed closure of the factory, substantial losses in the balance sheet, and lender proceedings to attach properties. Those facts established inability to deposit the adjudged duty and penalty at the interim stage, so the pre-deposit condition was waived and recovery stayed until disposal of the appeal. en-us Thu, 15 Jun 2006 00:00:00 +0530 Thu, 28 Jun 2012 15:00:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118098 Severe financial hardship justified waiver of pre-deposit and stay of recovery where the appellant showed closure of the factory, substantial losses in the balance sheet, and lender proceedings to attach properties. Those facts established inability to deposit the adjudged duty and penalty at the interim stage, so the pre-deposit condition was waived and recovery stayed until disposal of the appeal. Case-Laws Central Excise Thu, 15 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118098