https://www.taxtmi.com/caselaws?id=774223 Delhi HC reduced onerous security conditions for provisional release of roasted areca nuts pending customs classification dispute under CTI 2008 19 20. Originally requiring personal bond exceeding Rs. 4.10 crores plus bank guarantee over Rs. 5.81 crores (totaling nearly Rs. 10 crores), court found conditions excessive considering goods' value. HC directed petitioner to furnish reduced security of Rs. 4.10 crores bond plus Rs. 50 lakh bank guarantee within two weeks for goods release, restricted to industrial use only. Petition disposed. en-us Wed, 02 Jul 2025 00:00:00 +0530 Sat, 05 Jul 2025 08:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774223 Delhi HC reduced onerous security conditions for provisional release of roasted areca nuts pending customs classification dispute under CTI 2008 19 20. Originally requiring personal bond exceeding Rs. 4.10 crores plus bank guarantee over Rs. 5.81 crores (totaling nearly Rs. 10 crores), court found conditions excessive considering goods' value. HC directed petitioner to furnish reduced security of Rs. 4.10 crores bond plus Rs. 50 lakh bank guarantee within two weeks for goods release, restricted to industrial use only. Petition disposed. Case-Laws Customs Wed, 02 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774223