https://www.taxtmi.com/caselaws?id=349832 The High Court ruled in favor of the petitioner, an importer of textile fabrics, challenging the requirement to furnish bond and Bank guarantee for provisional assessment of imported goods. The Court emphasized the binding effect of earlier decisions by higher appellate authorities, directing the respondent to provisionally assess the goods without insisting on the bond and Bank guarantee. The judgment highlighted the importance of considering past decisions to prevent undue harassment to parties involved and instructed the respondent to release the goods within three weeks based on the earlier decision in favor of the petitioner. en-us Mon, 09 Oct 2017 00:00:00 +0530 Fri, 27 Apr 2018 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349832 The High Court ruled in favor of the petitioner, an importer of textile fabrics, challenging the requirement to furnish bond and Bank guarantee for provisional assessment of imported goods. The Court emphasized the binding effect of earlier decisions by higher appellate authorities, directing the respondent to provisionally assess the goods without insisting on the bond and Bank guarantee. The judgment highlighted the importance of considering past decisions to prevent undue harassment to parties involved and instructed the respondent to release the goods within three weeks based on the earlier decision in favor of the petitioner. Case-Laws Customs Mon, 09 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349832