https://www.taxtmi.com/caselaws?id=249194 Registration as a sick unit and negative net worth do not automatically justify complete waiver of pre-deposit under the Central Excise Act. The Tribunal applied the principle that protection under Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 does not extend to pre-deposit obligations under Section 35F, and treated prima facie merits, financial hardship and revenue interest as the relevant stay factors. Full waiver was refused, but partial relief was granted by directing a pre-deposit and staying the balance of the confirmed dues pending appeal. en-us Mon, 31 Mar 2014 00:00:00 +0530 Mon, 07 Jul 2014 19:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249194 Registration as a sick unit and negative net worth do not automatically justify complete waiver of pre-deposit under the Central Excise Act. The Tribunal applied the principle that protection under Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 does not extend to pre-deposit obligations under Section 35F, and treated prima facie merits, financial hardship and revenue interest as the relevant stay factors. Full waiver was refused, but partial relief was granted by directing a pre-deposit and staying the balance of the confirmed dues pending appeal. Case-Laws Central Excise Mon, 31 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249194