https://www.taxtmi.com/caselaws?id=290294 The tribunal allowed the appeal against the Commissioner's order for the seizure of goods, finding the demand for excessive bank guarantees unjustified. It highlighted discrepancies in the assessment process and lack of evidence for high bank guarantees, directing the appellant to provide a bond for release with a reduced bank guarantee amount. The decision aimed to ensure fairness to both the appellant and the Revenue, emphasizing the importance of reasonable demands and proper assessment in customs cases. en-us Fri, 09 Aug 2019 00:00:00 +0530 Fri, 18 Sep 2020 10:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290294 The tribunal allowed the appeal against the Commissioner's order for the seizure of goods, finding the demand for excessive bank guarantees unjustified. It highlighted discrepancies in the assessment process and lack of evidence for high bank guarantees, directing the appellant to provide a bond for release with a reduced bank guarantee amount. The decision aimed to ensure fairness to both the appellant and the Revenue, emphasizing the importance of reasonable demands and proper assessment in customs cases. Case-Laws Customs Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290294