https://www.taxtmi.com/caselaws?id=349983 Section 110A of the Customs Act, 1962 permits provisional release of seized goods to the proven owner pending adjudication. On the documents produced, the Tribunal found that the appellant had purchased the watches from the importer and was in possession when they were seized, so ownership was established and release was directed in its favour. The Tribunal also held that the bank guarantee condition was excessive on the facts and modified the provisional release terms by substituting a bond and payment of differential duty, reflecting the principle that security conditions must be reasonable and proportionate to protect revenue interest. en-us Wed, 04 Oct 2017 00:00:00 +0530 Sat, 28 Oct 2017 08:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349983 Section 110A of the Customs Act, 1962 permits provisional release of seized goods to the proven owner pending adjudication. On the documents produced, the Tribunal found that the appellant had purchased the watches from the importer and was in possession when they were seized, so ownership was established and release was directed in its favour. The Tribunal also held that the bank guarantee condition was excessive on the facts and modified the provisional release terms by substituting a bond and payment of differential duty, reflecting the principle that security conditions must be reasonable and proportionate to protect revenue interest. Case-Laws Customs Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349983