https://www.taxtmi.com/caselaws?id=42973 The Court dismissed the petition challenging the encashment of bank guarantees by the Assistant Collector, upholding the encashment based on the Supreme Court judgment and Central Excise Act provisions. The Court found the Assistant Collector authorized to enforce the bank guarantees for excise duty recovery without requiring fresh adjudication, as the guarantees were based on the payment difference determined earlier. The petitioners' arguments against the encashment were rejected, affirming the legality and validity of the Assistant Collector's actions in recovering excise duty through bank guarantees. en-us Thu, 30 Mar 1989 00:00:00 +0530 Tue, 15 Jun 2010 13:33:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42973 The Court dismissed the petition challenging the encashment of bank guarantees by the Assistant Collector, upholding the encashment based on the Supreme Court judgment and Central Excise Act provisions. The Court found the Assistant Collector authorized to enforce the bank guarantees for excise duty recovery without requiring fresh adjudication, as the guarantees were based on the payment difference determined earlier. The petitioners' arguments against the encashment were rejected, affirming the legality and validity of the Assistant Collector's actions in recovering excise duty through bank guarantees. Case-Laws Central Excise Thu, 30 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42973