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        Central Excise

        1975 (11) TMI 46 - HC - Central Excise

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        Madras High Court: Tobacco Firm Must Provide Warehouse Security with Assets, No Solvency Certificates The High Court of Judicature at Madras ruled that a firm holding tobacco valued at Rs. 50,000 must provide security for the warehouse. The firm can ...
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Madras High Court: Tobacco Firm Must Provide Warehouse Security with Assets, No Solvency Certificates

                                The High Court of Judicature at Madras ruled that a firm holding tobacco valued at Rs. 50,000 must provide security for the warehouse. The firm can furnish a bond using its assets without needing solvency certificates from its partners. The appeal was granted without costs.


                                The High Court of Judicature at Madras decided that a firm stocking tobacco worth Rs. 50,000 should furnish security for the warehouse. The firm can execute the bond based on its assets without requiring solvency certificates from individual partners. The appeal was allowed with no costs.
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