https://www.taxtmi.com/caselaws?id=42199 The writ petitions were dismissed as governed by the earlier ruling in Union of India v. Modi Rubber Ltd., with the court granting time for payment of the balance excise duty arrears and permitting encashment of the bank guarantee against 50% of the arrears. The disposition turned on the prior precedent, and the practical effect was to require payment of the remaining dues while allowing partial recovery through the security furnished. en-us Tue, 23 Sep 1986 00:00:00 +0530 Mon, 20 Jun 2016 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42199 The writ petitions were dismissed as governed by the earlier ruling in Union of India v. Modi Rubber Ltd., with the court granting time for payment of the balance excise duty arrears and permitting encashment of the bank guarantee against 50% of the arrears. The disposition turned on the prior precedent, and the practical effect was to require payment of the remaining dues while allowing partial recovery through the security furnished. Case-Laws Central Excise Tue, 23 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42199