https://www.taxtmi.com/caselaws?id=758799 The SC set aside the impugned order, allowing the appellant to discontinue the bank guarantee and directing a refund of the guaranteed amount, subject to the HC's consideration of the CESTAT reference. The appellant must file an Affidavit of Undertaking before the HC and comply with any future HC decision. The SC urged the HC to expedite the pending reference, balancing both parties' interests by mitigating the appellant's prejudice from prolonged litigation while ensuring compliance with potential HC rulings. The decision provided a framework for further proceedings based on the HC's determination. en-us Mon, 09 Sep 2024 00:00:00 +0530 Wed, 18 Sep 2024 15:00:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758799 The SC set aside the impugned order, allowing the appellant to discontinue the bank guarantee and directing a refund of the guaranteed amount, subject to the HC's consideration of the CESTAT reference. The appellant must file an Affidavit of Undertaking before the HC and comply with any future HC decision. The SC urged the HC to expedite the pending reference, balancing both parties' interests by mitigating the appellant's prejudice from prolonged litigation while ensuring compliance with potential HC rulings. The decision provided a framework for further proceedings based on the HC's determination. Case-Laws Customs Mon, 09 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758799