https://www.taxtmi.com/caselaws?id=437058 The Supreme Court dismissed the petitioner's review petition challenging the order dismissing their initial petition for non-compliance with Section 129-E of the Customs Act, 1962. Despite the petitioner's argument regarding a previous Supreme Court decision and the respondent's reliance on the mandatory nature of Section 129-E, the Court upheld the original order. The Court emphasized the removal of discretion in scaling down pre-deposits under the new regime, maintaining the deposit amount at 7.5% capped at Rs. 10 Crores. The appeal was ultimately dismissed, with the Court finding no error in the previous order and concluding that the petitioner's case lacked merit. en-us Fri, 13 Jan 2023 00:00:00 +0530 Wed, 26 Apr 2023 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437058 The Supreme Court dismissed the petitioner's review petition challenging the order dismissing their initial petition for non-compliance with Section 129-E of the Customs Act, 1962. Despite the petitioner's argument regarding a previous Supreme Court decision and the respondent's reliance on the mandatory nature of Section 129-E, the Court upheld the original order. The Court emphasized the removal of discretion in scaling down pre-deposits under the new regime, maintaining the deposit amount at 7.5% capped at Rs. 10 Crores. The appeal was ultimately dismissed, with the Court finding no error in the previous order and concluding that the petitioner's case lacked merit. Case-Laws Customs Fri, 13 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437058