https://www.taxtmi.com/caselaws?id=167372 The court dismissed the Application for Stay in a case concerning the assessable value calculation under the Central Excises and Salt Act, 1944. The judgment emphasized the need for grave financial difficulties to be present to qualify as undue hardship in relation to the deposit requirement, highlighting that factors like a prima facie case or balance of convenience should not be considered. The court also clarified that undue hardship should be assessed based on the owner's financial position rather than solely on the unit's liquidity, ultimately ruling against the Applicant. en-us Fri, 17 May 1985 00:00:00 +0530 Wed, 17 Dec 2014 16:53:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167372 The court dismissed the Application for Stay in a case concerning the assessable value calculation under the Central Excises and Salt Act, 1944. The judgment emphasized the need for grave financial difficulties to be present to qualify as undue hardship in relation to the deposit requirement, highlighting that factors like a prima facie case or balance of convenience should not be considered. The court also clarified that undue hardship should be assessed based on the owner's financial position rather than solely on the unit's liquidity, ultimately ruling against the Applicant. Case-Laws Central Excise Fri, 17 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167372