https://www.taxtmi.com/caselaws?id=392261 The Supreme Court held that customs duty should be calculated based on the sale proceeds and adjusted according to the priority specified in Section 150(2) of the Customs Act. The Court directed that if the bank guarantee had been invoked, the amount should be refunded to the respondent after necessary adjustments. The appeal was disposed of with no order as to costs. en-us Fri, 14 Feb 2020 00:00:00 +0530 Tue, 01 Dec 2020 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392261 The Supreme Court held that customs duty should be calculated based on the sale proceeds and adjusted according to the priority specified in Section 150(2) of the Customs Act. The Court directed that if the bank guarantee had been invoked, the amount should be refunded to the respondent after necessary adjustments. The appeal was disposed of with no order as to costs. Case-Laws Customs Fri, 14 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392261