https://www.taxtmi.com/caselaws?id=44428 The expression "security bond" includes a surety bond, and a tribunal cannot insist on cash deposit or a bank guarantee where the offered assets were already charged to a bank and were not valid security. The Court held that, once the tribunal had found the proposed security insufficient, it should not have rejected the surety bond for compliance with its earlier direction. The surety bond furnished by the petitioner was directed to be accepted as security under the earlier order. en-us Fri, 10 May 1996 00:00:00 +0530 Sat, 26 Jun 2010 11:36:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44428 The expression "security bond" includes a surety bond, and a tribunal cannot insist on cash deposit or a bank guarantee where the offered assets were already charged to a bank and were not valid security. The Court held that, once the tribunal had found the proposed security insufficient, it should not have rejected the surety bond for compliance with its earlier direction. The surety bond furnished by the petitioner was directed to be accepted as security under the earlier order. Case-Laws Central Excise Fri, 10 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44428