Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Provisional release of detained goods - The department's insistence on a 100% bank guarantee of Rs. 25,00,000/- was deemed arbitrary and onerous, especially considering the goods were approved for domestic consumption by the FSSAI, similar to past consignments. - Accordingly, the High Court directed the provisional release of the goods upon furnishing a bank guarantee of Rs. 3,49,000/- for the first bill of entry and Rs. 2,00,000/- for the second, alongside a bond for the full value of the goods.
Provisional release of detained goods - The department's insistence on a 100% bank guarantee of Rs. 25,00,000/- was deemed arbitrary and onerous, especially considering the goods were approved for domestic consumption by the FSSAI, similar to past consignments. - Accordingly, the High Court directed the provisional release of the goods upon furnishing a bank guarantee of Rs. 3,49,000/- for the first bill of entry and Rs. 2,00,000/- for the second, alongside a bond for the full value of the goods.
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