https://www.taxtmi.com/article/detailed?id=13222 The Bombay High Court held that the statutory pre-deposit mandated by Section 129E of the Customs Act is ordinarily compulsory and may be waived only in rare and deserving cases with clear justification; extraordinary jurisdiction under Article 226 cannot be used to set aside the statutory requirement. The court reviewed conflicting precedents and recent tribunal practice, emphasising that pre-deposit provisions secure recovery and that waiver is exceptional, while noting parallel pre-deposit schemes and limits under the CGST framework and restrictions on use of electronic credit ledgers. en-us Wed, 18 Dec 2024 12:00:11 +0530 Wed, 18 Dec 2024 12:00:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13222 The Bombay High Court held that the statutory pre-deposit mandated by Section 129E of the Customs Act is ordinarily compulsory and may be waived only in rare and deserving cases with clear justification; extraordinary jurisdiction under Article 226 cannot be used to set aside the statutory requirement. The court reviewed conflicting precedents and recent tribunal practice, emphasising that pre-deposit provisions secure recovery and that waiver is exceptional, while noting parallel pre-deposit schemes and limits under the CGST framework and restrictions on use of electronic credit ledgers. Articles Goods and Services Tax - GST Wed, 18 Dec 2024 12:00:11 +0530 https://www.taxtmi.com/article/detailed?id=13222