https://www.taxtmi.com/caselaws?id=237487 The Allahabad High Court ruled in favor of the petitioner for the release of goods seized by the Intelligence Officer in a Special Economic Zone (SEZ) Unit. The court directed the petitioner to furnish a bank guarantee of 30% of the differential duty and a bond of the value of goods for release, keeping in abeyance the condition preventing challenging the identity and value of goods. The court clarified that the circular on provisional release of export goods was not directly applicable in this case. The respondents were given a timeline for compliance with the court's directives. en-us Fri, 27 Apr 2012 00:00:00 +0530 Sat, 18 Feb 2017 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237487 The Allahabad High Court ruled in favor of the petitioner for the release of goods seized by the Intelligence Officer in a Special Economic Zone (SEZ) Unit. The court directed the petitioner to furnish a bank guarantee of 30% of the differential duty and a bond of the value of goods for release, keeping in abeyance the condition preventing challenging the identity and value of goods. The court clarified that the circular on provisional release of export goods was not directly applicable in this case. The respondents were given a timeline for compliance with the court's directives. Case-Laws Customs Fri, 27 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237487