https://www.taxtmi.com/caselaws?id=204242 SC modified the HC's interim directions regarding clearance of imported newsprint subject to differential customs duty. Recognizing the perishable nature of the goods, SC directed that the goods be released to the importers upon furnishing a bank guarantee equivalent to 30% of the differential duty, to the satisfaction of the Commissioner of Customs, instead of a 20% bond as ordered by HC. SC further ordered that release be effected immediately upon furnishing the guarantee and instructed the Commissioner of Customs to conclude the pending adjudication proceedings expeditiously. en-us Wed, 04 May 2011 00:00:00 +0530 Thu, 27 Nov 2025 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204242 SC modified the HC's interim directions regarding clearance of imported newsprint subject to differential customs duty. Recognizing the perishable nature of the goods, SC directed that the goods be released to the importers upon furnishing a bank guarantee equivalent to 30% of the differential duty, to the satisfaction of the Commissioner of Customs, instead of a 20% bond as ordered by HC. SC further ordered that release be effected immediately upon furnishing the guarantee and instructed the Commissioner of Customs to conclude the pending adjudication proceedings expeditiously. Case-Laws Customs Wed, 04 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204242