https://www.taxtmi.com/caselaws?id=244662 The Court directed the release of an aircraft engine detained by Customs authorities, subject to conditions. The petitioner, a lessor of aircrafts, argued for release based on duty drawback entitlement. Customs authorities detained the engine as an import subject to duty, disputed by the petitioner. The Court ordered a bank guarantee of Rs. 8 crores and a deposit of Rs. 1 crore for release, pending adjudication by Customs authorities. The release was not a determination of the case's merits, preserving parties' rights. The writ petition was disposed of, canceling prior dates, pending final adjudication. en-us Tue, 11 Feb 2014 00:00:00 +0530 Tue, 04 Mar 2014 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244662 The Court directed the release of an aircraft engine detained by Customs authorities, subject to conditions. The petitioner, a lessor of aircrafts, argued for release based on duty drawback entitlement. Customs authorities detained the engine as an import subject to duty, disputed by the petitioner. The Court ordered a bank guarantee of Rs. 8 crores and a deposit of Rs. 1 crore for release, pending adjudication by Customs authorities. The release was not a determination of the case's merits, preserving parties' rights. The writ petition was disposed of, canceling prior dates, pending final adjudication. Case-Laws Customs Tue, 11 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244662