https://www.taxtmi.com/caselaws?id=33890 The court granted the petition for the return of a Bank Guarantee and payment of interest at 12% per annum. The petitioners had obtained the release of confiscated gold bars by furnishing the Bank Guarantee, which was later set aside. Despite the Commissioner's failure to respond to requests for the return of the Guarantee, the court directed the Revenue to return the expired papers of the Guarantee to the petitioners within ten days, emphasizing their lack of value. The court dismissed the request for an undertaking related to pending tax appeals, deeming it irrelevant to the petition. en-us Fri, 13 Mar 2009 00:00:00 +0530 Sat, 20 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33890 The court granted the petition for the return of a Bank Guarantee and payment of interest at 12% per annum. The petitioners had obtained the release of confiscated gold bars by furnishing the Bank Guarantee, which was later set aside. Despite the Commissioner's failure to respond to requests for the return of the Guarantee, the court directed the Revenue to return the expired papers of the Guarantee to the petitioners within ten days, emphasizing their lack of value. The court dismissed the request for an undertaking related to pending tax appeals, deeming it irrelevant to the petition. Case-Laws Customs Fri, 13 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33890