https://www.taxtmi.com/caselaws?id=388970 The High Court of Calcutta directed the Principal Commissioner of Customs to provisionally release a seized vehicle upon submission of a Bond and Security equal to 40% of the vehicle's value. The Court allowed Customs authorities to continue their investigation and issue a show-cause notice, with the vehicle to be released within 10 days of fulfilling the Bond and Security requirement. The judgment balanced the interests of the petitioner and Customs authorities under the Customs Act, 1962. en-us Wed, 20 Nov 2019 00:00:00 +0530 Thu, 28 Nov 2019 11:41:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388970 The High Court of Calcutta directed the Principal Commissioner of Customs to provisionally release a seized vehicle upon submission of a Bond and Security equal to 40% of the vehicle's value. The Court allowed Customs authorities to continue their investigation and issue a show-cause notice, with the vehicle to be released within 10 days of fulfilling the Bond and Security requirement. The judgment balanced the interests of the petitioner and Customs authorities under the Customs Act, 1962. Case-Laws Customs Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388970