https://www.taxtmi.com/caselaws?id=202865 In provisional release of seized export goods, the customs circular required release on execution of a bond equivalent to the value of the goods and probable fine and penalty, and did not prescribe a bank guarantee. Since the dispute concerned only provisional release and no duty demand or penalty adjudication had been made, insisting on a bank guarantee was unjustified. The bank guarantee condition was set aside and release was directed on bond alone. en-us Thu, 19 Aug 2010 00:00:00 +0530 Thu, 17 Feb 2011 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202865 In provisional release of seized export goods, the customs circular required release on execution of a bond equivalent to the value of the goods and probable fine and penalty, and did not prescribe a bank guarantee. Since the dispute concerned only provisional release and no duty demand or penalty adjudication had been made, insisting on a bank guarantee was unjustified. The bank guarantee condition was set aside and release was directed on bond alone. Case-Laws Customs Thu, 19 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202865