https://www.taxtmi.com/caselaws?id=752424 CESTAT Kolkata granted provisional release of four gold bars seized from appellant company's employees. The tribunal found prima facie correlation between the seized gold and bars purchased by appellant from HDFC Bank Ltd. Provisional release was ordered subject to appellant providing bond for full value of seized gold supported by 25% bank guarantee. The tribunal refrained from expressing opinion on merits, reserving final adjudication for appropriate authority. Appeal disposed of with conditional release granted. en-us Wed, 08 May 2024 00:00:00 +0530 Thu, 09 May 2024 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752424 CESTAT Kolkata granted provisional release of four gold bars seized from appellant company's employees. The tribunal found prima facie correlation between the seized gold and bars purchased by appellant from HDFC Bank Ltd. Provisional release was ordered subject to appellant providing bond for full value of seized gold supported by 25% bank guarantee. The tribunal refrained from expressing opinion on merits, reserving final adjudication for appropriate authority. Appeal disposed of with conditional release granted. Case-Laws Customs Wed, 08 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752424