https://www.taxtmi.com/caselaws?id=396657 The Tribunal allowed the appeal, directing the appellant to execute a bond of 100% of the goods' value and a bank guarantee for 100% of the differential duty amount. The excessive bank guarantee of Rs. 1.6 Crore was deemed disproportionate compared to the duty amount of Rs. 59 Lakhs. The Tribunal held that a 100% bond of the goods' value and bank guarantee for 100% of the differential duty amount would suffice, setting aside the initial order for a high bank guarantee. The early hearing application was granted due to the perishable nature of the goods. en-us Tue, 14 Jul 2020 00:00:00 +0530 Wed, 15 Jul 2020 12:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396657 The Tribunal allowed the appeal, directing the appellant to execute a bond of 100% of the goods' value and a bank guarantee for 100% of the differential duty amount. The excessive bank guarantee of Rs. 1.6 Crore was deemed disproportionate compared to the duty amount of Rs. 59 Lakhs. The Tribunal held that a 100% bond of the goods' value and bank guarantee for 100% of the differential duty amount would suffice, setting aside the initial order for a high bank guarantee. The early hearing application was granted due to the perishable nature of the goods. Case-Laws Customs Tue, 14 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396657