https://www.taxtmi.com/caselaws?id=82411 A stay order required part payment of duty and security for the balance, with a direction expressed as "not Bank Guarantee". The note treats that wording as not excluding a bank guarantee altogether, but as leaving room for its acceptance where the guarantee otherwise satisfied the security requirement. On that reasoning, there was no basis to reject the bank guarantee merely because of its form, and it was to be accepted if found to be in order. en-us Thu, 28 Jan 1993 00:00:00 +0530 Mon, 04 Jul 2011 18:37:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82411 A stay order required part payment of duty and security for the balance, with a direction expressed as "not Bank Guarantee". The note treats that wording as not excluding a bank guarantee altogether, but as leaving room for its acceptance where the guarantee otherwise satisfied the security requirement. On that reasoning, there was no basis to reject the bank guarantee merely because of its form, and it was to be accepted if found to be in order. Case-Laws Central Excise Thu, 28 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82411