https://www.taxtmi.com/caselaws?id=410271 The High Court ruled in a case involving the return of bank guarantees for provisional release of imported goods. The Court clarified that the goods were held in custody under Section 45, not seized under Section 110 of the Customs Act. It directed customs authorities to complete the provisional assessment within six months, failing which the bank guarantees should be returned. The Court emphasized the importance of timely assessments and provided for conditional release under Section 110A if necessary. en-us Thu, 15 Jul 2021 00:00:00 +0530 Mon, 21 Feb 2022 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410271 The High Court ruled in a case involving the return of bank guarantees for provisional release of imported goods. The Court clarified that the goods were held in custody under Section 45, not seized under Section 110 of the Customs Act. It directed customs authorities to complete the provisional assessment within six months, failing which the bank guarantees should be returned. The Court emphasized the importance of timely assessments and provided for conditional release under Section 110A if necessary. Case-Laws Customs Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410271