https://www.taxtmi.com/caselaws?id=108032 The Tribunal granted a stay against the Commissioner of Customs' order for appropriation of duty, redemption fine, and penalty, upon the applicants furnishing a new bank guarantee. The applicants, facing hardship from full duty recovery, proposed a fresh guarantee for the fine and penalty. The Tribunal accepted this, directing the return of the draft obtained from the bank. Additionally, in a separate matter concerning diversion of imported stainless steel coils/sheets, the Tribunal allowed a stay against the confiscation order, pending submission of a new bank guarantee to cover the fine and penalty. en-us Wed, 01 Oct 2003 00:00:00 +0530 Wed, 28 Mar 2012 14:24:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108032 The Tribunal granted a stay against the Commissioner of Customs' order for appropriation of duty, redemption fine, and penalty, upon the applicants furnishing a new bank guarantee. The applicants, facing hardship from full duty recovery, proposed a fresh guarantee for the fine and penalty. The Tribunal accepted this, directing the return of the draft obtained from the bank. Additionally, in a separate matter concerning diversion of imported stainless steel coils/sheets, the Tribunal allowed a stay against the confiscation order, pending submission of a new bank guarantee to cover the fine and penalty. Case-Laws Customs Wed, 01 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108032