https://www.taxtmi.com/caselaws?id=126232 A statutory appeal under foreign exchange law remained subject to mandatory pre-deposit, and waiver could be granted only on a demonstrated case of undue hardship supported by a prima facie justification. The Court applied the settled factors of prima facie case, balance of convenience, irreparable loss, and protection of revenue, and found that the appellant produced no credible material to show financial hardship or a strong merits case. Because the appellant also failed to comply with the reduced deposit condition imposed by the Single Judge, dismissal of the writ petition for non-compliance was upheld. en-us Tue, 12 Feb 2008 00:00:00 +0530 Fri, 12 Dec 2014 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126232 A statutory appeal under foreign exchange law remained subject to mandatory pre-deposit, and waiver could be granted only on a demonstrated case of undue hardship supported by a prima facie justification. The Court applied the settled factors of prima facie case, balance of convenience, irreparable loss, and protection of revenue, and found that the appellant produced no credible material to show financial hardship or a strong merits case. Because the appellant also failed to comply with the reduced deposit condition imposed by the Single Judge, dismissal of the writ petition for non-compliance was upheld. Case-Laws FEMA Tue, 12 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126232