https://www.taxtmi.com/caselaws?id=329345 The Tribunal reduced the security percentage for the Bond amount required for the provisional release of seized finished goods under the Central Excise Rules, 2002. It emphasized the discretionary power of the adjudicating authority in setting security percentages based on individual case circumstances, highlighting that CBEC's Supplementary Instructions are advisory and not legally binding. The Tribunal found the initially imposed security of 25% excessive and reduced it to 10% to balance justice and revenue interests. The appeals were disposed of accordingly, with the judgment pronounced on 25/05/2016. en-us Wed, 25 May 2016 00:00:00 +0530 Fri, 10 Feb 2017 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329345 The Tribunal reduced the security percentage for the Bond amount required for the provisional release of seized finished goods under the Central Excise Rules, 2002. It emphasized the discretionary power of the adjudicating authority in setting security percentages based on individual case circumstances, highlighting that CBEC's Supplementary Instructions are advisory and not legally binding. The Tribunal found the initially imposed security of 25% excessive and reduced it to 10% to balance justice and revenue interests. The appeals were disposed of accordingly, with the judgment pronounced on 25/05/2016. Case-Laws Central Excise Wed, 25 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329345