https://www.taxtmi.com/caselaws?id=337290 A Central Government public sector undertaking was treated as a government company because the President of India held 63.06% of its share capital and the Ministry controlled director appointments and managerial affairs. On that basis, it fell within paragraph 6.1 of Chapter 14 of the CBEC Manual, not paragraph 6.2, and was therefore entitled to provisional assessment without executing a bond or furnishing a bank guarantee. The departmental insistence on an enhanced bond and bank guarantee was not sustainable. en-us Thu, 17 Nov 2016 00:00:00 +0530 Thu, 05 Jan 2017 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337290 A Central Government public sector undertaking was treated as a government company because the President of India held 63.06% of its share capital and the Ministry controlled director appointments and managerial affairs. On that basis, it fell within paragraph 6.1 of Chapter 14 of the CBEC Manual, not paragraph 6.2, and was therefore entitled to provisional assessment without executing a bond or furnishing a bank guarantee. The departmental insistence on an enhanced bond and bank guarantee was not sustainable. Case-Laws Central Excise Thu, 17 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337290