https://www.taxtmi.com/caselaws?id=440860 The Tribunal reduced the bank guarantee amount for the provisional release of imported Dry Dates from Rs. One Crore to Rs. 18 Lakhs, aligning it with a previous order. Emphasizing the similarity of circumstances between the cases, the Tribunal held that the mere issuance of a show cause notice did not justify an increase in the bank guarantee. Consequently, the goods were ordered to be provisionally released upon execution of a bond for the total value of goods and furnishing a bank guarantee/cash security of Rs. 18 Lakh. The appeal was allowed in favor of the appellant. en-us Wed, 26 Jul 2023 00:00:00 +0530 Fri, 28 Jul 2023 09:20:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440860 The Tribunal reduced the bank guarantee amount for the provisional release of imported Dry Dates from Rs. One Crore to Rs. 18 Lakhs, aligning it with a previous order. Emphasizing the similarity of circumstances between the cases, the Tribunal held that the mere issuance of a show cause notice did not justify an increase in the bank guarantee. Consequently, the goods were ordered to be provisionally released upon execution of a bond for the total value of goods and furnishing a bank guarantee/cash security of Rs. 18 Lakh. The appeal was allowed in favor of the appellant. Case-Laws Customs Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440860