https://www.taxtmi.com/caselaws?id=82675 The High Court of Bombay granted the Motion filed by the Union of India, directing the Prothonotary to encash a Bank guarantee with accrued interest to the respondents. The Court emphasized the Government's right to recover arrears of excise duty promptly and enforce Bank guarantees as per Supreme Court orders. While the duty amount was to be paid immediately, the Court deferred the payment of interest pending clarification from the Supreme Court. The Court made the Motion absolute, ordering the Prothonotary to implement the payment of duty and withhold interest until further clarification. en-us Fri, 13 Aug 1993 00:00:00 +0530 Wed, 06 Jul 2011 17:00:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82675 The High Court of Bombay granted the Motion filed by the Union of India, directing the Prothonotary to encash a Bank guarantee with accrued interest to the respondents. The Court emphasized the Government's right to recover arrears of excise duty promptly and enforce Bank guarantees as per Supreme Court orders. While the duty amount was to be paid immediately, the Court deferred the payment of interest pending clarification from the Supreme Court. The Court made the Motion absolute, ordering the Prothonotary to implement the payment of duty and withhold interest until further clarification. Case-Laws Central Excise Fri, 13 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82675