https://www.taxtmi.com/caselaws?id=432809 The appeal challenged an order partially allowing provisional release of seized goods and modifying the bank guarantee. The appellant sought to waive the bank guarantee, citing payment of demanded duty and relying on case laws. The tribunal considered the undervaluation of goods and pending adjudication, emphasizing the need for security. After reviewing past judgments, the tribunal modified the order, reducing the bank guarantee requirement to 5% of the goods' value for provisional release. The appeal was partially allowed based on the specific circumstances of the case. en-us Thu, 12 Jan 2023 00:00:00 +0530 Sat, 14 Jan 2023 06:50:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432809 The appeal challenged an order partially allowing provisional release of seized goods and modifying the bank guarantee. The appellant sought to waive the bank guarantee, citing payment of demanded duty and relying on case laws. The tribunal considered the undervaluation of goods and pending adjudication, emphasizing the need for security. After reviewing past judgments, the tribunal modified the order, reducing the bank guarantee requirement to 5% of the goods' value for provisional release. The appeal was partially allowed based on the specific circumstances of the case. Case-Laws Customs Thu, 12 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432809