https://www.taxtmi.com/caselaws?id=270131 The court ruled in favor of the petitioner regarding the return of bank guarantees after surrendering a private bonded warehouse license. Despite pending cases, the court emphasized the surrender of the license, cancellation of bonds, and Tribunal stay orders. It held that retaining the guarantees would contradict the Tribunal's orders and found no justification for withholding them. Citing Section 73 of the Customs Act, the court directed the authorities to return the bank guarantees to the petitioner, noting the cancellation of all bonds and the petitioner's undertaking to discharge liabilities. en-us Fri, 23 Oct 2015 00:00:00 +0530 Thu, 05 May 2016 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270131 The court ruled in favor of the petitioner regarding the return of bank guarantees after surrendering a private bonded warehouse license. Despite pending cases, the court emphasized the surrender of the license, cancellation of bonds, and Tribunal stay orders. It held that retaining the guarantees would contradict the Tribunal's orders and found no justification for withholding them. Citing Section 73 of the Customs Act, the court directed the authorities to return the bank guarantees to the petitioner, noting the cancellation of all bonds and the petitioner's undertaking to discharge liabilities. Case-Laws Customs Fri, 23 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270131