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of <h1>High Court Bombay Reduces Bank Guarantee for Petitioner Appeal</h1> <h3>MIDAS CARE PHARMACEUTICALS PVT. LTD. Versus UNION OF INDIA</h3> MIDAS CARE PHARMACEUTICALS PVT. LTD. Versus UNION OF INDIA - 2008 (12) S.T.R. 548 (Bom.) , [2009] 19 STT 40 (BOM.) The High Court Bombay modified an order requiring a petitioner to submit a bank guarantee of Rs.50 lakhs to appeal a service tax liability decision, based on a Supreme Court judgment indicating the petitioner may not be liable for the tax. The Tribunal must hear and dispose of the appeal within six months of the order.
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