https://www.taxtmi.com/caselaws?id=437216 The Supreme Court upheld the constitutional validity of Section 129E of the Customs Act, 1962 in the case. The Court exercised discretion under Article 226 of the Constitution to waive the mandatory pre-deposit requirement for the Petitioners, allowing them to contest the valuation of Agarwood Chips and Agarwood Oil. The Court found discrepancies in the valuation by Customs Authorities and concluded that the penalty imposed lacked legal basis. As a result, the Court directed the Respondent to decide the Appeals on merits without requiring the pre-deposit, granting the Petitioners six weeks to file their Appeals. en-us Fri, 28 Apr 2023 00:00:00 +0530 Sun, 30 Apr 2023 22:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437216 The Supreme Court upheld the constitutional validity of Section 129E of the Customs Act, 1962 in the case. The Court exercised discretion under Article 226 of the Constitution to waive the mandatory pre-deposit requirement for the Petitioners, allowing them to contest the valuation of Agarwood Chips and Agarwood Oil. The Court found discrepancies in the valuation by Customs Authorities and concluded that the penalty imposed lacked legal basis. As a result, the Court directed the Respondent to decide the Appeals on merits without requiring the pre-deposit, granting the Petitioners six weeks to file their Appeals. Case-Laws Customs Fri, 28 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437216