https://www.taxtmi.com/caselaws?id=757713 The Bombay HC set aside the customs authority's demand for bank guarantee/cash security of Rs.68,65,140.60 for provisional release of goods back to town. The court found no legal basis for imposing security when goods were not seized under Section 110A of the Customs Act, distinguishing this from seizure cases. The HC directed release of goods within two weeks upon petitioner submitting a prescribed bond, bank solvency certificate, and director's undertaking to appear when summoned with five days' notice. The petition was disposed of favorably. en-us Tue, 27 Aug 2024 00:00:00 +0530 Tue, 22 Apr 2025 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757713 The Bombay HC set aside the customs authority's demand for bank guarantee/cash security of Rs.68,65,140.60 for provisional release of goods back to town. The court found no legal basis for imposing security when goods were not seized under Section 110A of the Customs Act, distinguishing this from seizure cases. The HC directed release of goods within two weeks upon petitioner submitting a prescribed bond, bank solvency certificate, and director's undertaking to appear when summoned with five days' notice. The petition was disposed of favorably. Case-Laws Customs Tue, 27 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757713