https://www.taxtmi.com/caselaws?id=377320 The Tribunal partially allowed the appeal, modifying the terms of provisional release by reducing the bank guarantee amount to Rs. 7 lakhs. It emphasized the need to balance the terms of release with relevant legal precedents and circumstances of the case, citing a Supreme Court decision to support the reduction. The Tribunal found the original bank guarantee amount imposed by the Original authority to be excessive and unjustified, ultimately directing the Revenue to allow provisional release upon the execution of a bond and the reduced bank guarantee within a specified period. en-us Tue, 26 Mar 2019 00:00:00 +0530 Thu, 28 Mar 2019 06:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377320 The Tribunal partially allowed the appeal, modifying the terms of provisional release by reducing the bank guarantee amount to Rs. 7 lakhs. It emphasized the need to balance the terms of release with relevant legal precedents and circumstances of the case, citing a Supreme Court decision to support the reduction. The Tribunal found the original bank guarantee amount imposed by the Original authority to be excessive and unjustified, ultimately directing the Revenue to allow provisional release upon the execution of a bond and the reduced bank guarantee within a specified period. Case-Laws Customs Tue, 26 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377320