https://www.taxtmi.com/caselaws?id=44037 Pre-deposit under Section 35F is a matter of judicial discretion to be exercised case by case, balancing undue hardship, a prima facie defence, and protection of revenue. In excise matters, the assessee's immediate liquidity and the effect of a large deposit on working capital and manufacturing operations are material considerations. The article notes that receivables and depreciation reserves do not by themselves show ready funds, and that the Tribunal erred by relying mainly on such book entries. On that basis, the original pre-deposit direction was found unsustainable in its existing form and was modified by reducing the cash burden and substituting part of it with a bank guarantee. en-us Fri, 09 Dec 1994 00:00:00 +0530 Tue, 22 Jun 2010 16:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44037 Pre-deposit under Section 35F is a matter of judicial discretion to be exercised case by case, balancing undue hardship, a prima facie defence, and protection of revenue. In excise matters, the assessee's immediate liquidity and the effect of a large deposit on working capital and manufacturing operations are material considerations. The article notes that receivables and depreciation reserves do not by themselves show ready funds, and that the Tribunal erred by relying mainly on such book entries. On that basis, the original pre-deposit direction was found unsustainable in its existing form and was modified by reducing the cash burden and substituting part of it with a bank guarantee. Case-Laws Central Excise Fri, 09 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44037