https://www.taxtmi.com/highlights?id=74897 Provisional release of detained goods - The department's insistence on a 100% bank guarantee of Rs. 25,00,000/- was deemed arbitrary and onerous, especially considering the goods were approved for domestic consumption by the FSSAI, similar to past consignments. - Accordingly, the High Court directed the provisional release of the goods upon furnishing a bank guarantee of Rs. 3,49,000/- for the first bill of entry and Rs. 2,00,000/- for the second, alongside a bond for the full value of the goods. en-us Wed, 14 Feb 2024 07:14:27 +0530 Wed, 14 Feb 2024 07:14:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74897 Provisional release of detained goods - The department's insistence on a 100% bank guarantee of Rs. 25,00,000/- was deemed arbitrary and onerous, especially considering the goods were approved for domestic consumption by the FSSAI, similar to past consignments. - Accordingly, the High Court directed the provisional release of the goods upon furnishing a bank guarantee of Rs. 3,49,000/- for the first bill of entry and Rs. 2,00,000/- for the second, alongside a bond for the full value of the goods. Highlights Customs Wed, 14 Feb 2024 07:14:27 +0530 https://www.taxtmi.com/highlights?id=74897