https://www.taxtmi.com/caselaws?id=404033 The court addressed the legality of seizure memos and the provisional release of seized goods under Section 110A of the Customs Act, 1962. It found the conditions imposed for release to be onerous and modified them, requiring the petitioners to furnish a bond equal to the FOB value, a bank guarantee of 20% of the FOB value, an undertaking to cooperate in investigations, and to refrain from claiming duty drawbacks until the case's resolution. The court ordered the provisional release of goods within seven days and set the next hearing for 22nd March 2021. en-us Wed, 10 Feb 2021 00:00:00 +0530 Mon, 26 Jul 2021 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404033 The court addressed the legality of seizure memos and the provisional release of seized goods under Section 110A of the Customs Act, 1962. It found the conditions imposed for release to be onerous and modified them, requiring the petitioners to furnish a bond equal to the FOB value, a bank guarantee of 20% of the FOB value, an undertaking to cooperate in investigations, and to refrain from claiming duty drawbacks until the case's resolution. The court ordered the provisional release of goods within seven days and set the next hearing for 22nd March 2021. Case-Laws Customs Wed, 10 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404033