https://www.taxtmi.com/caselaws?id=460191 The HC upheld the Customs, Excise & Service Tax Appellate Tribunal's order for the provisional release of seized gold, requiring a bond for its full value and modifying the bank guarantee from 30% to 50% of the gold's value. The court emphasized the necessity of financial security for provisional releases. Additionally, the HC directed the Commissioner of Customs to address objections filed in response to the show cause notice within two months, ensuring due process. The ruling stresses the balance between provisional release and compliance with customs procedures. en-us Thu, 08 Sep 2022 00:00:00 +0530 Tue, 14 Jan 2025 19:59:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460191 The HC upheld the Customs, Excise & Service Tax Appellate Tribunal's order for the provisional release of seized gold, requiring a bond for its full value and modifying the bank guarantee from 30% to 50% of the gold's value. The court emphasized the necessity of financial security for provisional releases. Additionally, the HC directed the Commissioner of Customs to address objections filed in response to the show cause notice within two months, ensuring due process. The ruling stresses the balance between provisional release and compliance with customs procedures. Case-Laws Customs Thu, 08 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460191