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2016 (10) TMI 572 - HC - Central ExciseModification of the order - Waiver of the pre deposit - Negative net worth of the company - the petitioner failing to convince the Tribunal that the entirety of the pre-deposit should be waived, the petitioner was not entitled to carry an application for modification on the basis of an order of a Coordinate Bench or an order of the Supreme Court which could have been relied upon on October 28, 2015 - The doctrine of precedents as it is applicable to a Tribunal is primarily founded on the larger public policy of the requirement an element of certainty of the outcome in a set of circumstances - the application for modification admitted that the fact that the petitioner company had a negative net worth “had not been brought to the notice of this Honble Tribunal earlier - the petition is utterly unmeritorious and is dismissed with costs assessed at ₹ 10.000/-. - Decided against the assessee
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