https://www.taxtmi.com/caselaws?id=305873 The Court decides to release the vehicle to the petitioner under specific conditions, highlighting factors such as the petitioner's lack of awareness during purchase and the risk of the high-end car deteriorating in value. Conditions are imposed to ensure the vehicle's upkeep and prevent unauthorized sale or encumbrance, safeguarding revenue interests. The writ petition is allowed, and the conditions outlined in the provisional release order are quashed. The vehicle is released to the petitioner subject to partial customs duty payment, a bank guarantee, a prescribed bond amount, and obligations to maintain the vehicle's condition and produce it when required by authorities. en-us Tue, 18 Oct 2022 00:00:00 +0530 Wed, 28 Dec 2022 08:18:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305873 The Court decides to release the vehicle to the petitioner under specific conditions, highlighting factors such as the petitioner's lack of awareness during purchase and the risk of the high-end car deteriorating in value. Conditions are imposed to ensure the vehicle's upkeep and prevent unauthorized sale or encumbrance, safeguarding revenue interests. The writ petition is allowed, and the conditions outlined in the provisional release order are quashed. The vehicle is released to the petitioner subject to partial customs duty payment, a bank guarantee, a prescribed bond amount, and obligations to maintain the vehicle's condition and produce it when required by authorities. Case-Laws Customs Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305873