https://www.taxtmi.com/caselaws?id=297451 Conditions for provisional release of seized goods were examined on whether the bond and security deposit requirements were excessive in light of the disputed seizure value. The Tribunal considered the facts and the revenue's reliance on Circular No. 35/2017-CUS, and held that the release terms should be calibrated to meet the interests of justice. It modified the provisional release conditions by requiring a bond for the full seizure value while reducing the security deposit to a lower amount in each case. The operative effect was that release of the seized goods was allowed on the revised terms. en-us Thu, 06 Feb 2020 00:00:00 +0530 Sun, 05 Sep 2021 21:52:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297451 Conditions for provisional release of seized goods were examined on whether the bond and security deposit requirements were excessive in light of the disputed seizure value. The Tribunal considered the facts and the revenue's reliance on Circular No. 35/2017-CUS, and held that the release terms should be calibrated to meet the interests of justice. It modified the provisional release conditions by requiring a bond for the full seizure value while reducing the security deposit to a lower amount in each case. The operative effect was that release of the seized goods was allowed on the revised terms. Case-Laws Customs Thu, 06 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297451