https://www.taxtmi.com/caselaws?id=209891 The High Court held that encashment of a bank guarantee without determining duty liability was unjustified. The Commissioner(Appeals) ordered the refund of the encashed amount, subject to the assessee providing a new bank guarantee. The Tribunal upheld this decision, emphasizing procedural fairness and the importance of maintaining the status quo until final adjudication. The judgment underscores the necessity of determining duty liability before bank guarantee encashment and protecting the interests of both parties involved. en-us Fri, 24 Jun 2011 00:00:00 +0530 Tue, 09 Jul 2013 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209891 The High Court held that encashment of a bank guarantee without determining duty liability was unjustified. The Commissioner(Appeals) ordered the refund of the encashed amount, subject to the assessee providing a new bank guarantee. The Tribunal upheld this decision, emphasizing procedural fairness and the importance of maintaining the status quo until final adjudication. The judgment underscores the necessity of determining duty liability before bank guarantee encashment and protecting the interests of both parties involved. Case-Laws Central Excise Fri, 24 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209891