Continuation of Section 73 service-tax proceedings after provider's death (construing s.65(7)) - held to abate; posthumous OIO and recoveries invalida...
Change of corporate management after approved resolution plan - writ maintainable; property attachment not 'transfer' under PBPT; Section 32A protecti...
Central issue: whether the Principal Commissioner's condition requiring a Bank Guarantee for 100% of estimated differential duty plus anticipated fine and penalties for provisional release of imported goods was onerous and inconsistent with prior provisional clearances. Reasoning: authority's own contemporaneous provisional assessments had accepted a bond for value and a 50% Bank Guarantee of estimated differential duty for similar imports, making the 100% requirement disproportionate and inconsistent. Outcome: direction to modify the Bank Guarantee requirement to 50% of estimated differential duty; other conditions remain; provisional release ordered upon furnishing the bond and 50% BG within the prescribed short timeline. - HC
Central issue: whether the Principal Commissioner's condition requiring a Bank Guarantee for 100% of estimated differential duty plus anticipated fine and penalties for provisional release of imported goods was onerous and inconsistent with prior provisional clearances. Reasoning: authority's own contemporaneous provisional assessments had accepted a bond for value and a 50% Bank Guarantee of estimated differential duty for similar imports, making the 100% requirement disproportionate and inconsistent. Outcome: direction to modify the Bank Guarantee requirement to 50% of estimated differential duty; other conditions remain; provisional release ordered upon furnishing the bond and 50% BG within the prescribed short timeline. - HC
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