https://www.taxtmi.com/caselaws?id=1374 The Tribunal dismissed the Revenue's stay application and upheld the impugned order, proceeding with the appeal directly. Regarding the Bank Guarantee, the Tribunal ruled that it cannot be considered as payment of duty, allowing the refund claim. The Commissioner's decision to grant the refund was sustained, with the Tribunal relying on previous cases and rejecting the Revenue's arguments. The Tribunal's decision was supported by relevant apex court and Tribunal precedents, resulting in the dismissal of the Revenue's appeal. en-us Wed, 07 Mar 2007 00:00:00 +0530 Mon, 14 Apr 2008 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1374 The Tribunal dismissed the Revenue's stay application and upheld the impugned order, proceeding with the appeal directly. Regarding the Bank Guarantee, the Tribunal ruled that it cannot be considered as payment of duty, allowing the refund claim. The Commissioner's decision to grant the refund was sustained, with the Tribunal relying on previous cases and rejecting the Revenue's arguments. The Tribunal's decision was supported by relevant apex court and Tribunal precedents, resulting in the dismissal of the Revenue's appeal. Case-Laws Customs Wed, 07 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1374