https://www.taxtmi.com/caselaws?id=41915 The court ruled in favor of the petitioner, quashing the impugned order and show cause notice. The petitioner was not required to provide a fresh bank guarantee for 100% of the Customs duty, as the existing bond for 25% sufficed. The court found the petitioner's compliance with export obligations reasonable, despite challenges arising from conflicting directives. Additionally, doubts regarding the existence of the foreign buyer were dispelled, emphasizing correspondence as evidence. The court upheld the petitioner's rights, dismissing unjust demands and affirming their actions aligned with the granted extension, resulting in a favorable outcome for the petitioner. en-us Fri, 27 Jun 1986 00:00:00 +0530 Mon, 07 Jun 2010 18:49:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41915 The court ruled in favor of the petitioner, quashing the impugned order and show cause notice. The petitioner was not required to provide a fresh bank guarantee for 100% of the Customs duty, as the existing bond for 25% sufficed. The court found the petitioner's compliance with export obligations reasonable, despite challenges arising from conflicting directives. Additionally, doubts regarding the existence of the foreign buyer were dispelled, emphasizing correspondence as evidence. The court upheld the petitioner's rights, dismissing unjust demands and affirming their actions aligned with the granted extension, resulting in a favorable outcome for the petitioner. Case-Laws Customs Fri, 27 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41915