https://www.taxtmi.com/caselaws?id=88922 A restraint on disposal of plant and machinery imposed as part of a stay and confiscation-related condition was held unnecessary to continue once the applicant furnished a bank guarantee. The Tribunal reasoned that the disposal restriction was only incidental to the earlier protective order and did not need to remain in force merely because duty recovery was apprehended. On execution of a bank guarantee, the restriction was lifted and the modification application was allowed in favour of the assessee. en-us Thu, 09 Jul 1998 00:00:00 +0530 Thu, 22 Sep 2011 12:15:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88922 A restraint on disposal of plant and machinery imposed as part of a stay and confiscation-related condition was held unnecessary to continue once the applicant furnished a bank guarantee. The Tribunal reasoned that the disposal restriction was only incidental to the earlier protective order and did not need to remain in force merely because duty recovery was apprehended. On execution of a bank guarantee, the restriction was lifted and the modification application was allowed in favour of the assessee. Case-Laws Central Excise Thu, 09 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88922