https://www.taxtmi.com/caselaws?id=45400 A bank guarantee furnished in connection with imports was protected from encashment until the appeal was decided, preserving interim status quo pending appellate review. The HC also directed the appellate authority to dispose of the appeal and the stay application within four weeks, ensuring prompt determination of the pending challenge. The operative effect was to restrain encashment of the guarantee until disposal of the appeal while requiring expeditious consideration of both matters. en-us Fri, 10 Mar 2000 00:00:00 +0530 Sat, 10 Jul 2010 13:13:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45400 A bank guarantee furnished in connection with imports was protected from encashment until the appeal was decided, preserving interim status quo pending appellate review. The HC also directed the appellate authority to dispose of the appeal and the stay application within four weeks, ensuring prompt determination of the pending challenge. The operative effect was to restrain encashment of the guarantee until disposal of the appeal while requiring expeditious consideration of both matters. Case-Laws Customs Fri, 10 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45400