https://www.taxtmi.com/caselaws?id=43729 The court ruled against the petitioner, upholding the Customs Authorities' demand for bank guarantees for the release of goods. It emphasized the necessity for proper proceedings to address import policy amendments and timeliness in adjudication. Despite rejecting the petitioner's arguments, the court directed Customs Authorities to promptly complete assessment proceedings within 8 weeks, with failure leading to the cancellation of the bond and return of the bank guarantee to the petitioner. No costs were imposed on the parties, focusing on compliance with directives and safeguarding the petitioner's rights. en-us Tue, 28 Sep 1993 00:00:00 +0530 Sat, 19 Jun 2010 16:48:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43729 The court ruled against the petitioner, upholding the Customs Authorities' demand for bank guarantees for the release of goods. It emphasized the necessity for proper proceedings to address import policy amendments and timeliness in adjudication. Despite rejecting the petitioner's arguments, the court directed Customs Authorities to promptly complete assessment proceedings within 8 weeks, with failure leading to the cancellation of the bond and return of the bank guarantee to the petitioner. No costs were imposed on the parties, focusing on compliance with directives and safeguarding the petitioner's rights. Case-Laws Customs Tue, 28 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43729