Supreme Court Rules State Cannot Rely on Bank Guarantees in CCE v. Dunlop India Ltd.; Rs. 60 Lakh Denied. https://www.taxtmi.com/highlights?id=2817 Bank guarantee - Supreme Court in CCE v. Dunlop India Ltd. (1984 -TMI - 40039 - SUPREME Court) has held that the State is not run on the Bank Guarantees. Therefore, no permission is granted to appellant to furnish Bank Guarantee to the extent of Rs.60 lacs.... - HC en-us Tue, 07 Feb 2012 21:13:23 +0530 Tue, 07 Feb 2012 21:13:23 +0530 TaxTMI RSS Generator Supreme Court Rules State Cannot Rely on Bank Guarantees in CCE v. Dunlop India Ltd.; Rs. 60 Lakh Denied. https://www.taxtmi.com/highlights?id=2817 Bank guarantee - Supreme Court in CCE v. Dunlop India Ltd. (1984 -TMI - 40039 - SUPREME Court) has held that the State is not run on the Bank Guarantees. Therefore, no permission is granted to appellant to furnish Bank Guarantee to the extent of Rs.60 lacs.... - HC Highlights Central Excise Tue, 07 Feb 2012 21:13:23 +0530 https://www.taxtmi.com/highlights?id=2817