Provisional Release of Confiscated Goods: Bank Guarantee Reduced to 5% of Goods' Value Prior to Adjudication.

Provisional Release of Confiscated Goods: Bank Guarantee Reduced to 5% of Goods' Value Prior to Adjudication. https://www.taxtmi.com/highlights?id=67702 Seeking provisional release of goods - If the goods are confiscated and allowed redemption on payment of fine such fine has to be recovered from the appellant and some security is necessary to cover it if the goods are to be released provisionally before adjudication itself. Considering the overall factual matrix of this case we modify the impugned order reducing the amount of bank guarantee to 5% of the value of the goods. - AT en-us Sat, 14 Jan 2023 06:50:20 +0530 Sat, 14 Jan 2023 06:50:20 +0530 TaxTMI RSS Generator Provisional Release of Confiscated Goods: Bank Guarantee Reduced to 5% of Goods' Value Prior to Adjudication. https://www.taxtmi.com/highlights?id=67702 Seeking provisional release of goods - If the goods are confiscated and allowed redemption on payment of fine such fine has to be recovered from the appellant and some security is necessary to cover it if the goods are to be released provisionally before adjudication itself. Considering the overall factual matrix of this case we modify the impugned order reducing the amount of bank guarantee to 5% of the value of the goods. - AT Highlights Customs Sat, 14 Jan 2023 06:50:20 +0530 https://www.taxtmi.com/highlights?id=67702