https://www.taxtmi.com/caselaws?id=241898 The Court dismissed the writ petition, allowing the Deputy Commissioner of Customs to invoke the 20 bank guarantees due to alleged breaches by the petitioner under the EPCG Scheme. The Court clarified that bank guarantees could be invoked upon any breach of bond terms without the need for final adjudication under the Customs Act. The decision did not conclusively determine the petitioner's compliance with the EPCG Scheme, leaving it for authorities to examine in appropriate proceedings. The focus was on the Deputy Commissioner's letter invoking the guarantees and the terms therein, rather than a final assessment of the petitioner's actions. en-us Thu, 12 Dec 2013 00:00:00 +0530 Fri, 03 Jan 2014 18:54:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241898 The Court dismissed the writ petition, allowing the Deputy Commissioner of Customs to invoke the 20 bank guarantees due to alleged breaches by the petitioner under the EPCG Scheme. The Court clarified that bank guarantees could be invoked upon any breach of bond terms without the need for final adjudication under the Customs Act. The decision did not conclusively determine the petitioner's compliance with the EPCG Scheme, leaving it for authorities to examine in appropriate proceedings. The focus was on the Deputy Commissioner's letter invoking the guarantees and the terms therein, rather than a final assessment of the petitioner's actions. Case-Laws Customs Thu, 12 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241898