https://www.taxtmi.com/caselaws?id=202416 The court found the writ petition seeking release of goods not maintainable, emphasizing the availability of a statutory appeal remedy under the Customs Act. The court declined to order the release of goods as proposed by the petitioner, stressing the need to balance interests. It directed the petitioner to pay duty, fine, and penalty, furnish a bank guarantee, and maintain it for six months while pursuing an appeal. Failure to comply could lead to invoking the bank guarantee. The court disposed of the petition with directions to safeguard the government's financial interests. en-us Thu, 02 Sep 2010 00:00:00 +0530 Mon, 17 Jan 2011 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202416 The court found the writ petition seeking release of goods not maintainable, emphasizing the availability of a statutory appeal remedy under the Customs Act. The court declined to order the release of goods as proposed by the petitioner, stressing the need to balance interests. It directed the petitioner to pay duty, fine, and penalty, furnish a bank guarantee, and maintain it for six months while pursuing an appeal. Failure to comply could lead to invoking the bank guarantee. The court disposed of the petition with directions to safeguard the government's financial interests. Case-Laws Customs Thu, 02 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202416