https://www.taxtmi.com/caselaws?id=424385 The Tribunal set aside the order requiring a bank guarantee of 15% of the value of seized goods for provisional release. Instead, the appellant was directed to execute a bond for the full value of the goods and furnish a bank guarantee of Rs. 1 crore. This decision aimed at balancing the appellant's interests with revenue protection, emphasizing proportionality and reasonableness in imposing conditions for provisional release. The Tribunal highlighted that arbitrary and excessive requirements should not obstruct the release of goods, especially when the appellant was willing to fulfill duty obligations. en-us Mon, 27 Jun 2022 00:00:00 +0530 Wed, 29 Jun 2022 09:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424385 The Tribunal set aside the order requiring a bank guarantee of 15% of the value of seized goods for provisional release. Instead, the appellant was directed to execute a bond for the full value of the goods and furnish a bank guarantee of Rs. 1 crore. This decision aimed at balancing the appellant's interests with revenue protection, emphasizing proportionality and reasonableness in imposing conditions for provisional release. The Tribunal highlighted that arbitrary and excessive requirements should not obstruct the release of goods, especially when the appellant was willing to fulfill duty obligations. Case-Laws Customs Mon, 27 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424385