https://www.taxtmi.com/caselaws?id=255735 The court upheld the validity of the circular dated 4th March, 2013, finding it compliant with statutory provisions and the Foreign Trade Policy. The court dismissed the Writ Petition, ruling that the circular did not violate constitutional mandates, including Articles 14 and 19(1)(g) of the Constitution of India. It held that the Customs Department had the authority to prescribe norms for bank guarantees under the schemes and that the requirement of furnishing a bank guarantee by the petitioners was justified, especially considering their violations under relevant acts. en-us Wed, 14 Jan 2015 00:00:00 +0530 Sat, 08 Aug 2015 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255735 The court upheld the validity of the circular dated 4th March, 2013, finding it compliant with statutory provisions and the Foreign Trade Policy. The court dismissed the Writ Petition, ruling that the circular did not violate constitutional mandates, including Articles 14 and 19(1)(g) of the Constitution of India. It held that the Customs Department had the authority to prescribe norms for bank guarantees under the schemes and that the requirement of furnishing a bank guarantee by the petitioners was justified, especially considering their violations under relevant acts. Case-Laws Customs Wed, 14 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255735