https://www.taxtmi.com/caselaws?id=349068 The provisional release framework for seized export goods permits release on execution of a bond for the value of the goods with appropriate security for redemption fine and penalty. Where misdeclaration is suspected, customs authorities may require a bank guarantee as one permissible form of such security, and they retain discretion as to the form of security demanded. Interim or non-adjudicatory orders do not create a binding precedent on that issue. The writ court's contrary direction was therefore interfered with, and the departmental condition insisting on bank guarantee was upheld. en-us Thu, 07 Sep 2017 00:00:00 +0530 Thu, 05 Oct 2017 19:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349068 The provisional release framework for seized export goods permits release on execution of a bond for the value of the goods with appropriate security for redemption fine and penalty. Where misdeclaration is suspected, customs authorities may require a bank guarantee as one permissible form of such security, and they retain discretion as to the form of security demanded. Interim or non-adjudicatory orders do not create a binding precedent on that issue. The writ court's contrary direction was therefore interfered with, and the departmental condition insisting on bank guarantee was upheld. Case-Laws Customs Thu, 07 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349068