https://www.taxtmi.com/caselaws?id=171185 The Court held that invoking the bank guarantee by customs authorities during the appeal period was impermissible unless in cases of fraud or irreparable harm. Relying on precedents, the Court found such actions coercive and directed the authorities to hold the invoked amount in a Fixed Deposit until further orders from the Tribunal. The Tribunal was tasked with promptly deciding on the stay application, emphasizing that the Court's order did not prejudge the appeal. The writ petition was disposed of, granting parties an urgent certified copy of the order. en-us Tue, 21 Jan 2014 00:00:00 +0530 Fri, 05 Jun 2015 12:39:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171185 The Court held that invoking the bank guarantee by customs authorities during the appeal period was impermissible unless in cases of fraud or irreparable harm. Relying on precedents, the Court found such actions coercive and directed the authorities to hold the invoked amount in a Fixed Deposit until further orders from the Tribunal. The Tribunal was tasked with promptly deciding on the stay application, emphasizing that the Court's order did not prejudge the appeal. The writ petition was disposed of, granting parties an urgent certified copy of the order. Case-Laws Customs Tue, 21 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171185