https://www.taxtmi.com/caselaws?id=447013 Delhi HC directed customs authorities to release Bank Guarantee and retained monies after finding unreasonable delay in finalizing provisional assessment proceedings. The court noted that DRI had completed COO Certificate verification in 2016 and shared results with respondents, yet assessment remained incomplete. Since provisional assessment was initiated solely for certificate verification rather than undervaluation allegations, and no legal impediment prevented finalization, the respondents' delay was deemed arbitrary. Petition allowed with direction for immediate release of securities. en-us Thu, 14 Dec 2023 00:00:00 +0530 Thu, 25 Apr 2024 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447013 Delhi HC directed customs authorities to release Bank Guarantee and retained monies after finding unreasonable delay in finalizing provisional assessment proceedings. The court noted that DRI had completed COO Certificate verification in 2016 and shared results with respondents, yet assessment remained incomplete. Since provisional assessment was initiated solely for certificate verification rather than undervaluation allegations, and no legal impediment prevented finalization, the respondents' delay was deemed arbitrary. Petition allowed with direction for immediate release of securities. Case-Laws Customs Thu, 14 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447013