https://www.taxtmi.com/caselaws?id=153895 The Tribunal found in favor of the Appellant in a customs dispute case involving a stay petition to prevent the recovery of Rs. 41,47,582/- directed by the Commissioner of Customs. The Tribunal ruled that the bank guarantee should not be invoked prematurely while an appeal is pending, directing the lower authorities not to encash the guarantee until the appeal process was completed. The Appellant was instructed to keep the bank guarantee active during this period to safeguard their rights, with a warning of depositing the confirmed demand amount if the guarantee was not maintained. en-us Mon, 21 Dec 2009 00:00:00 +0530 Thu, 01 Aug 2013 14:45:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153895 The Tribunal found in favor of the Appellant in a customs dispute case involving a stay petition to prevent the recovery of Rs. 41,47,582/- directed by the Commissioner of Customs. The Tribunal ruled that the bank guarantee should not be invoked prematurely while an appeal is pending, directing the lower authorities not to encash the guarantee until the appeal process was completed. The Appellant was instructed to keep the bank guarantee active during this period to safeguard their rights, with a warning of depositing the confirmed demand amount if the guarantee was not maintained. Case-Laws Customs Mon, 21 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153895