https://www.taxtmi.com/caselaws?id=48313 The court upheld the Commissioner's decision directing a pre-deposit of Rs. 5 crores under Section 129-E of the Customs Act, 1962, dismissing the petitioner's plea for complete waiver. The valuation of imported spare parts was upheld based on discrepancies in invoicing patterns, rejecting the petitioner's argument against the Customs Valuation Rules, 1988. The court emphasized the discretionary power of the Commissioner in granting waivers and highlighted the need to demonstrate financial hardship for such relief. Ultimately, the court found no jurisdictional error, dismissing the writ petition and awarding no costs. en-us Thu, 08 Dec 2005 00:00:00 +0530 Wed, 15 Sep 2010 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48313 The court upheld the Commissioner's decision directing a pre-deposit of Rs. 5 crores under Section 129-E of the Customs Act, 1962, dismissing the petitioner's plea for complete waiver. The valuation of imported spare parts was upheld based on discrepancies in invoicing patterns, rejecting the petitioner's argument against the Customs Valuation Rules, 1988. The court emphasized the discretionary power of the Commissioner in granting waivers and highlighted the need to demonstrate financial hardship for such relief. Ultimately, the court found no jurisdictional error, dismissing the writ petition and awarding no costs. Case-Laws Customs Thu, 08 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48313