https://www.taxtmi.com/caselaws?id=410315 The court directed the customs authorities to conclude the assessment of imported goods within six months, failing which the bank guarantees should be returned to the petitioner. It clarified that the goods were not seized but kept in custody for verification under Section 45 of the Customs Act, preventing their unconditional release. Emphasizing the importance of timely resolution, the court balanced the interests of both parties and underscored the necessity of adherence to statutory provisions while safeguarding the petitioner's rights in the importation process. en-us Thu, 22 Jul 2021 00:00:00 +0530 Thu, 29 Jul 2021 10:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410315 The court directed the customs authorities to conclude the assessment of imported goods within six months, failing which the bank guarantees should be returned to the petitioner. It clarified that the goods were not seized but kept in custody for verification under Section 45 of the Customs Act, preventing their unconditional release. Emphasizing the importance of timely resolution, the court balanced the interests of both parties and underscored the necessity of adherence to statutory provisions while safeguarding the petitioner's rights in the importation process. Case-Laws Customs Thu, 22 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410315