WIPRO LTD. vs ASST. COLLECTOR OF CUSTOMS .

The Supreme Court upheld the constitutional validity of proviso (II-i) of Rule 9(2) of the Customs Valuation (Determination of Price of Imported Goods) Rules, 1988, stating it is not ultravires Section 14(1) and Section 14(1-A) of the Customs Act, 1962, nor violative of Article 14 and Article 19(1)(g) of the Constitution. The Court emphasized that the valuation rules are essential for determining the customs duty on imported goods. Consequently, the appeals challenging the High Court's dismissal of writ petitions were rejected, affirming the legality of the impugned provision.