https://www.taxtmi.com/caselaws?id=251444 Imported food additives with a limited shelf life and fit for human consumption may be released pending appeal when the revenue is secured by a bank guarantee for the quantified redemption fine. The Court treated delay as materially affecting the utility of the goods and balanced that against the respondents' interest by requiring security before release. Interim release was therefore directed on furnishing a bank guarantee for the amount fixed as redemption fine. en-us Tue, 03 Sep 2013 00:00:00 +0530 Mon, 15 Sep 2014 08:39:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251444 Imported food additives with a limited shelf life and fit for human consumption may be released pending appeal when the revenue is secured by a bank guarantee for the quantified redemption fine. The Court treated delay as materially affecting the utility of the goods and balanced that against the respondents' interest by requiring security before release. Interim release was therefore directed on furnishing a bank guarantee for the amount fixed as redemption fine. Case-Laws Customs Tue, 03 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251444