https://www.taxtmi.com/caselaws?id=280991 The court directed respondent No.1 to replace the petitioner's bank guarantee with its own for the payment of customs duty on Hot Rolled Plates imported under advance authorizations, which were diverted for a different project. Both parties were instructed to assist and execute necessary documents for the replacement, emphasizing the importance of fulfilling customs duty obligations and the significance of bank guarantees in securing duty payments on imported goods. The decision ensures compliance with customs regulations while addressing the petitioner's concerns regarding the diverted use of the goods. en-us Tue, 31 Jan 2017 00:00:00 +0530 Thu, 30 May 2019 09:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280991 The court directed respondent No.1 to replace the petitioner's bank guarantee with its own for the payment of customs duty on Hot Rolled Plates imported under advance authorizations, which were diverted for a different project. Both parties were instructed to assist and execute necessary documents for the replacement, emphasizing the importance of fulfilling customs duty obligations and the significance of bank guarantees in securing duty payments on imported goods. The decision ensures compliance with customs regulations while addressing the petitioner's concerns regarding the diverted use of the goods. Case-Laws Customs Tue, 31 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280991