https://www.taxtmi.com/caselaws?id=285001 Goods seized by the department were directed to be released on deposit of duty in advance and furnishing of a B-11 bond, because insistence on a bank guarantee or cash security equivalent to 25% of value was not warranted for release. The High Court relied on an earlier ruling allowing release on terms identical to Form B-11 and noted that delay in furnishing the demanded security had caused deterioration of part of the goods. The department was left free to proceed in accordance with law on any alleged duty evasion, but it could not insist on the additional bank guarantee as a condition for release. en-us Mon, 13 Jun 2016 00:00:00 +0530 Fri, 20 Dec 2019 18:14:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285001 Goods seized by the department were directed to be released on deposit of duty in advance and furnishing of a B-11 bond, because insistence on a bank guarantee or cash security equivalent to 25% of value was not warranted for release. The High Court relied on an earlier ruling allowing release on terms identical to Form B-11 and noted that delay in furnishing the demanded security had caused deterioration of part of the goods. The department was left free to proceed in accordance with law on any alleged duty evasion, but it could not insist on the additional bank guarantee as a condition for release. Case-Laws Central Excise Mon, 13 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285001