https://www.taxtmi.com/caselaws?id=256377 The court quashed the requirement for a bank guarantee of 25% of the differential assessable value in a case where the petitioner had already paid a substantial amount and agreed to pay the differential duty. The court found the bank guarantee condition unnecessary as the petitioner demonstrated the ability to discharge liabilities and was willing to provide alternative assurances. The court emphasized the importance of assessing each case's circumstances and balancing revenue interests with the petitioner's rights, directing the petitioner to pay the determined duty and furnish a personal bond instead of a bank guarantee for the prompt release of goods. en-us Fri, 23 Jan 2015 00:00:00 +0530 Sat, 02 Jan 2016 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256377 The court quashed the requirement for a bank guarantee of 25% of the differential assessable value in a case where the petitioner had already paid a substantial amount and agreed to pay the differential duty. The court found the bank guarantee condition unnecessary as the petitioner demonstrated the ability to discharge liabilities and was willing to provide alternative assurances. The court emphasized the importance of assessing each case's circumstances and balancing revenue interests with the petitioner's rights, directing the petitioner to pay the determined duty and furnish a personal bond instead of a bank guarantee for the prompt release of goods. Case-Laws Customs Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256377