https://www.taxtmi.com/caselaws?id=45364 Pre-deposit under Section 35F of the Central Excise Act must be fixed by balancing the assessee's financial position against the prima facie strength of the appeal, and an excessive deposit may be reduced to secure a fair hearing. The Calcutta High Court treated the Tribunal's original condition as too onerous and substituted it with a reduced deposit of Rs. 11,50,000 to be made within four weeks, after which the appeal would proceed. The discussion also noted, prima facie, that piercing the corporate veil may not readily apply in excise matters where the entities retain separate legal status for other fiscal authorities. en-us Mon, 17 May 1999 00:00:00 +0530 Sat, 10 Jul 2010 11:27:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45364 Pre-deposit under Section 35F of the Central Excise Act must be fixed by balancing the assessee's financial position against the prima facie strength of the appeal, and an excessive deposit may be reduced to secure a fair hearing. The Calcutta High Court treated the Tribunal's original condition as too onerous and substituted it with a reduced deposit of Rs. 11,50,000 to be made within four weeks, after which the appeal would proceed. The discussion also noted, prima facie, that piercing the corporate veil may not readily apply in excise matters where the entities retain separate legal status for other fiscal authorities. Case-Laws Central Excise Mon, 17 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45364