https://www.taxtmi.com/caselaws?id=430226 The tribunal allowed the provisional release of the seized dry dates upon execution of a bond for 100% of the goods' value and a bank guarantee of Rs. 1 crore, with payment of applicable duty for UAE-origin goods. The tribunal found the Rs. 12 crore bank guarantee condition excessive, emphasizing fairness in conditions for provisional release. It noted the perishable nature of the goods and the ongoing adjudication of mis-declaration and duty evasion allegations. The decision was limited to release terms and would not affect the investigation. The appeal was allowed under these conditions. en-us Fri, 11 Nov 2022 00:00:00 +0530 Tue, 15 Nov 2022 09:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430226 The tribunal allowed the provisional release of the seized dry dates upon execution of a bond for 100% of the goods' value and a bank guarantee of Rs. 1 crore, with payment of applicable duty for UAE-origin goods. The tribunal found the Rs. 12 crore bank guarantee condition excessive, emphasizing fairness in conditions for provisional release. It noted the perishable nature of the goods and the ongoing adjudication of mis-declaration and duty evasion allegations. The decision was limited to release terms and would not affect the investigation. The appeal was allowed under these conditions. Case-Laws Customs Fri, 11 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430226