https://www.taxtmi.com/caselaws?id=241787 The challenge to the Commissioner's order of provisional release under Section 110A of the Customs Act, 1962 was disposed of. The Court upheld the conditions for release, including the requirement of a Bank Guarantee, citing guidelines and considering allegations of fraud. However, the Bank Guarantee quantum was modified from 30% to 15% of the redetermined assessable value due to the substantial deposit already made. The judgment clarified the interpretation of relevant sections of the Act and directed the modification of the Commissioner's order accordingly. en-us Wed, 06 Feb 2013 00:00:00 +0530 Wed, 01 Jan 2014 12:51:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241787 The challenge to the Commissioner's order of provisional release under Section 110A of the Customs Act, 1962 was disposed of. The Court upheld the conditions for release, including the requirement of a Bank Guarantee, citing guidelines and considering allegations of fraud. However, the Bank Guarantee quantum was modified from 30% to 15% of the redetermined assessable value due to the substantial deposit already made. The judgment clarified the interpretation of relevant sections of the Act and directed the modification of the Commissioner's order accordingly. Case-Laws Customs Wed, 06 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241787