https://www.taxtmi.com/caselaws?id=358059 The High Court modified the Customs, Excise and Service Tax Appellate Tribunal's interim order requiring a bank guarantee of Rs. 10 crores for a vessel's release. Acknowledging the impact on the Oil and Natural Gas Commission's operations, the court allowed the vessel's provisional release upon the petitioner furnishing an undertaking related to its use. This specific modification did not set a precedent for similar cases, and the writ petition was disposed of without expressing an opinion on the case's merits, with an assurance of lawful adjudication of the show cause notice by the respondents. en-us Tue, 27 Mar 2018 00:00:00 +0530 Wed, 16 Jan 2019 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358059 The High Court modified the Customs, Excise and Service Tax Appellate Tribunal's interim order requiring a bank guarantee of Rs. 10 crores for a vessel's release. Acknowledging the impact on the Oil and Natural Gas Commission's operations, the court allowed the vessel's provisional release upon the petitioner furnishing an undertaking related to its use. This specific modification did not set a precedent for similar cases, and the writ petition was disposed of without expressing an opinion on the case's merits, with an assurance of lawful adjudication of the show cause notice by the respondents. Case-Laws Customs Tue, 27 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358059