https://www.taxtmi.com/caselaws?id=77885 The High Court directed the Revenue to return the original bank guarantee worth Rs.89 crore to the petitioner by a specified date. The court emphasized the lack of justification for withholding the substantial bank guarantee, as the penalty had been paid and there was no other financial liability against the petitioner. en-us Tue, 29 Jun 2010 00:00:00 +0530 Tue, 19 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77885 The High Court directed the Revenue to return the original bank guarantee worth Rs.89 crore to the petitioner by a specified date. The court emphasized the lack of justification for withholding the substantial bank guarantee, as the penalty had been paid and there was no other financial liability against the petitioner. Case-Laws Customs Tue, 29 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77885