https://www.taxtmi.com/caselaws?id=263536 An importer who had furnished the required import documents, installation records and verification material, and whose installation and commencement of operations had been confirmed by the jurisdictional excise authority, was entitled to interim protection against encashment and renewal of bank guarantees pending finalisation of project import assessment. The applicable Customs Board circular required such assessments to be finalised within 60 days of submission of the requisite documents and stated that bank guarantees should not be renewed once proof of utilisation and installation had been produced, unless a justified delay was recorded. Because the departmental delay was not attributable to the importer, the administration could not insist on renewal or encashment of the guarantees. en-us Tue, 05 May 2015 00:00:00 +0530 Tue, 29 Sep 2015 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263536 An importer who had furnished the required import documents, installation records and verification material, and whose installation and commencement of operations had been confirmed by the jurisdictional excise authority, was entitled to interim protection against encashment and renewal of bank guarantees pending finalisation of project import assessment. The applicable Customs Board circular required such assessments to be finalised within 60 days of submission of the requisite documents and stated that bank guarantees should not be renewed once proof of utilisation and installation had been produced, unless a justified delay was recorded. Because the departmental delay was not attributable to the importer, the administration could not insist on renewal or encashment of the guarantees. Case-Laws Central Excise Tue, 05 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263536