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        Case ID :
        Central Excise

        Recovery of duty on failure on the part of the assessee to execute Bank Guarantee within the period stipulated by the Courts

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        Failure to furnish bank guarantee: recover duty promptly when court stipulated period lapses, no reminders required. Where an assessee obtains stay subject to furnishing a Bank Guarantee within a Court stipulated period but fails to do so, the department must promptly recover the leviable duty; issuing reminders after the stipulated period is unnecessary and recovery should be initiated without delay.
                          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.

                                Failure to furnish bank guarantee: recover duty promptly when court stipulated period lapses, no reminders required.

                                Where an assessee obtains stay subject to furnishing a Bank Guarantee within a Court stipulated period but fails to do so, the department must promptly recover the leviable duty; issuing reminders after the stipulated period is unnecessary and recovery should be initiated without delay.





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                                ActsIncome Tax
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