https://www.taxtmi.com/caselaws?id=329887 The High Court ruled in favor of the petitioner, M/s. J.B. Overseas, in a case concerning the release of imported gold jewelry consignments. The court found that the Customs' requirement for additional security, specifically a bank guarantee for 50% of the provisional duty, lacked valid reasons and was contrary to regulations. The court modified the Customs' order, directing the release of goods upon the petitioner furnishing a bond for 100% of the duty differential and making a deposit or providing a guarantee for 20% of the provisional duty. The writ petition was disposed of accordingly, with the impugned order being overruled. en-us Fri, 08 Jul 2016 00:00:00 +0530 Wed, 04 Jan 2017 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329887 The High Court ruled in favor of the petitioner, M/s. J.B. Overseas, in a case concerning the release of imported gold jewelry consignments. The court found that the Customs' requirement for additional security, specifically a bank guarantee for 50% of the provisional duty, lacked valid reasons and was contrary to regulations. The court modified the Customs' order, directing the release of goods upon the petitioner furnishing a bond for 100% of the duty differential and making a deposit or providing a guarantee for 20% of the provisional duty. The writ petition was disposed of accordingly, with the impugned order being overruled. Case-Laws Customs Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329887