https://www.taxtmi.com/caselaws?id=206291 The High Court allowed the appeal filed by the Appellants, directing the Respondents to clear the seized goods upon modified conditions. The Court held that the conditions imposed for release under the Customs Act were unreasonable, and instead allowed the release upon the Appellants furnishing a bond of 20% of the differential duty, removing the need for a bank guarantee due to delays in adjudication. The Court applied the Customs (Provisional Duty Assessment) Regulations, 1963, in the absence of specific guidelines under Section 110A, thereby modifying the release conditions in favor of the Appellants. en-us Tue, 11 May 2010 00:00:00 +0530 Sun, 23 Oct 2011 21:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206291 The High Court allowed the appeal filed by the Appellants, directing the Respondents to clear the seized goods upon modified conditions. The Court held that the conditions imposed for release under the Customs Act were unreasonable, and instead allowed the release upon the Appellants furnishing a bond of 20% of the differential duty, removing the need for a bank guarantee due to delays in adjudication. The Court applied the Customs (Provisional Duty Assessment) Regulations, 1963, in the absence of specific guidelines under Section 110A, thereby modifying the release conditions in favor of the Appellants. Case-Laws Customs Tue, 11 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206291