Court Halts Bank Guarantee Encashment; No Coercive Steps Allowed During Appeal Period u/s 129A of Customs Act 1962. https://www.taxtmi.com/highlights?id=84813 HC stayed encashment of bank guarantee. Coercive measures prohibited during appeal limitation period under Circular 984/08/2014-CX. Pre-deposit made, remaining amount cannot be recovered by encashment. Impugned order dated 06.12.2024, appeal period 3 months u/s 129A of Customs Act 1962. Considering substantial sum appropriated, encashment of bank guarantee restrained subject to petitioner keeping it alive. en-us Mon, 13 Jan 2025 08:40:06 +0530 Mon, 13 Jan 2025 08:40:06 +0530 TaxTMI RSS Generator Court Halts Bank Guarantee Encashment; No Coercive Steps Allowed During Appeal Period u/s 129A of Customs Act 1962. https://www.taxtmi.com/highlights?id=84813 HC stayed encashment of bank guarantee. Coercive measures prohibited during appeal limitation period under Circular 984/08/2014-CX. Pre-deposit made, remaining amount cannot be recovered by encashment. Impugned order dated 06.12.2024, appeal period 3 months u/s 129A of Customs Act 1962. Considering substantial sum appropriated, encashment of bank guarantee restrained subject to petitioner keeping it alive. Highlights Customs Mon, 13 Jan 2025 08:40:06 +0530 https://www.taxtmi.com/highlights?id=84813