https://www.taxtmi.com/caselaws?id=212623 The Court ruled in favor of the Revenue, directing the Petitioner to furnish a bank guarantee of Rs. 40,00,000 and a P.D. bond for the provisional release of the remaining 7 cranes seized due to alleged undervaluation. The judgment emphasized the importance of securing duty, redemption fine, and potential penalties during adjudication proceedings under Section 110A of the Customs Act, 1962, to safeguard the Revenue's interests. en-us Wed, 17 Aug 2011 00:00:00 +0530 Thu, 12 Apr 2012 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212623 The Court ruled in favor of the Revenue, directing the Petitioner to furnish a bank guarantee of Rs. 40,00,000 and a P.D. bond for the provisional release of the remaining 7 cranes seized due to alleged undervaluation. The judgment emphasized the importance of securing duty, redemption fine, and potential penalties during adjudication proceedings under Section 110A of the Customs Act, 1962, to safeguard the Revenue's interests. Case-Laws Customs Wed, 17 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212623