https://www.taxtmi.com/caselaws?id=306144 The Punjab and Haryana High Court, under Justice Jaswant Singh, addressed challenges to provisional release orders by customs authorities. The petitioner(s) contested the arbitrary conditions, including bank guarantees and valuation challenges restrictions. Citing legal precedents, the Court directed authorities to reconsider the matter, taking into account the cash deposits made by the petitioner(s). They were instructed to issue a modified release order after providing the petitioner(s) an opportunity to present their case. The judgment underscores the importance of aligning release order terms with legal principles and considering all relevant factors, like prior deposits, in determining bank guarantee requirements. en-us Fri, 20 Dec 2019 00:00:00 +0530 Thu, 12 Jan 2023 21:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306144 The Punjab and Haryana High Court, under Justice Jaswant Singh, addressed challenges to provisional release orders by customs authorities. The petitioner(s) contested the arbitrary conditions, including bank guarantees and valuation challenges restrictions. Citing legal precedents, the Court directed authorities to reconsider the matter, taking into account the cash deposits made by the petitioner(s). They were instructed to issue a modified release order after providing the petitioner(s) an opportunity to present their case. The judgment underscores the importance of aligning release order terms with legal principles and considering all relevant factors, like prior deposits, in determining bank guarantee requirements. Case-Laws Customs Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306144