https://www.taxtmi.com/caselaws?id=81141 The High Court of Bombay ruled in favor of the petitioner in a case involving bond cancellation and redemption under the Export Promotion Scheme. The court found that the petitioner had complied with the obligations, leading to the redemption of the first bond worth Rs. 32,550 without the need to prove deposit in the Government treasury. The court directed the refund of this amount and expedited the appeal process for the second bond worth Rs. 50,085, emphasizing the importance of timely resolution of disputes related to bond forfeiture and redemption. The respondents were ordered to refund the amount and bear the petition costs. en-us Thu, 25 Apr 1991 00:00:00 +0530 Wed, 22 Jun 2011 17:02:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81141 The High Court of Bombay ruled in favor of the petitioner in a case involving bond cancellation and redemption under the Export Promotion Scheme. The court found that the petitioner had complied with the obligations, leading to the redemption of the first bond worth Rs. 32,550 without the need to prove deposit in the Government treasury. The court directed the refund of this amount and expedited the appeal process for the second bond worth Rs. 50,085, emphasizing the importance of timely resolution of disputes related to bond forfeiture and redemption. The respondents were ordered to refund the amount and bear the petition costs. Case-Laws Customs Thu, 25 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81141