Waiver of pre-deposit u/s. 129E under Customs Act not granted in absence of financial distress

Parisons Foods Private Limited Vs Commissioner of Customs (Karnataka High Court) Karnataka High Court held that request for waiver of pre-deposit amount under Section 129E(ii) of the Customs Act, 1962 is not acceptable since petitioner is an established business and there is no financial distress. Accordingly, writ dismissed. Facts- The petitioner is said to be engaged in the business of refining edible oils. Petitioner is before this Court seeking a direction to the 2nd respondent-Customs, Excise and Service Tax Appellate Tribunal not to insist upon pre-deposit amount under Section 129E(ii) ...