https://www.taxtmi.com/caselaws?id=384597 Where the dispute was confined to valuation of innocuous Christmas decoration items and the importer had kept alive bank guarantees for the disputed amount, appropriation of those guarantees was treated as satisfying the pre-deposit condition for entertaining the settlement application under the Customs Act. The rejection of the application had rested only on alleged noncompliance with that statutory precondition and not on the merits. The Madras HC therefore set aside the rejection order and directed the settlement commission to entertain and decide the application on merits after appropriation of the bank guarantees. en-us Tue, 30 Jul 2019 00:00:00 +0530 Wed, 04 Nov 2020 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384597 Where the dispute was confined to valuation of innocuous Christmas decoration items and the importer had kept alive bank guarantees for the disputed amount, appropriation of those guarantees was treated as satisfying the pre-deposit condition for entertaining the settlement application under the Customs Act. The rejection of the application had rested only on alleged noncompliance with that statutory precondition and not on the merits. The Madras HC therefore set aside the rejection order and directed the settlement commission to entertain and decide the application on merits after appropriation of the bank guarantees. Case-Laws Customs Tue, 30 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384597