https://www.taxtmi.com/circulars?id=68369 Release of seized valuables against a bank guarantee is allowed provided the guarantee is unconditional and irrevocable, covers the full departmental valuation, remains valid until assessment proceedings are complete and taxes are collected, is enforceable by the Department at any time, and the seized assets do not have specific evidentiary value for prosecution. en-us Wed, 03 Mar 2004 00:00:00 +0530 Tue, 01 Apr 2025 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68369 Release of seized valuables against a bank guarantee is allowed provided the guarantee is unconditional and irrevocable, covers the full departmental valuation, remains valid until assessment proceedings are complete and taxes are collected, is enforceable by the Department at any time, and the seized assets do not have specific evidentiary value for prosecution. Circulars Income Tax Wed, 03 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68369