https://www.taxtmi.com/caselaws?id=378095 The court quashed the seizure memo dated 12.1.2018, declaring the seizure of the vessel FC Maria Laura as arbitrary and illegal. The court directed the petitioners to keep the bank guarantee of Rs. 6 crore alive and allowed the respondents to continue proceedings for computation of duty and penalty, if any, in accordance with the law. The court emphasized that the order should not be construed as an impediment to the ongoing proceedings for recovery of dues. en-us Fri, 05 Apr 2019 00:00:00 +0530 Wed, 13 Nov 2019 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378095 The court quashed the seizure memo dated 12.1.2018, declaring the seizure of the vessel FC Maria Laura as arbitrary and illegal. The court directed the petitioners to keep the bank guarantee of Rs. 6 crore alive and allowed the respondents to continue proceedings for computation of duty and penalty, if any, in accordance with the law. The court emphasized that the order should not be construed as an impediment to the ongoing proceedings for recovery of dues. Case-Laws Customs Fri, 05 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378095