Supreme Court: Respondent to Encash Bank Guarantees for Duty Arrears The Supreme Court ordered the respondent to encash half of the bank guarantees, up to Rs. 3.25 crores, towards duty arrears starting from January 1, 1995. ...
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Supreme Court: Respondent to Encash Bank Guarantees for Duty Arrears
The Supreme Court ordered the respondent to encash half of the bank guarantees, up to Rs. 3.25 crores, towards duty arrears starting from January 1, 1995. The remaining bank guarantees are to be maintained pending appeal. If the appeal is successful, the respondent must refund the amount with 12% interest.
The Supreme Court ordered the respondent to encash half of the bank guarantees, up to Rs. 3.25 crores, towards duty arrears starting from January 1, 1995. The remaining bank guarantees are to be maintained pending appeal. If the appeal is successful, the respondent must refund the amount with 12% interest.
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