https://www.taxtmi.com/caselaws?id=326810 The Tribunal modified the conditions for the provisional release of seized aircrafts under section 110A of the Customs Act, 1962. It reduced the bank guarantee requirement from full duty liability to 20% while maintaining the bond for the full value of the aircrafts. The decision considered the unresolved duty liability issues and the appellants' reliance on notifications for exemption and concession, providing a balanced resolution to the case. en-us Thu, 31 Mar 2016 00:00:00 +0530 Tue, 26 Apr 2016 10:01:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326810 The Tribunal modified the conditions for the provisional release of seized aircrafts under section 110A of the Customs Act, 1962. It reduced the bank guarantee requirement from full duty liability to 20% while maintaining the bond for the full value of the aircrafts. The decision considered the unresolved duty liability issues and the appellants' reliance on notifications for exemption and concession, providing a balanced resolution to the case. Case-Laws Customs Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326810