https://www.taxtmi.com/caselaws?id=45958 In provisional release of imported goods pending final assessment, the Court held that the customs condition requiring a bank guarantee could be modified rather than maintained in full, where the provisional assessment framework and case circumstances warranted relief. It accepted that the department could seek bond and security under the Customs Act, but found the original guarantee demand excessive on the facts. The bank guarantee requirement was reduced, with the balance to be secured by bond, and the pending final assessment was directed to be completed expeditiously so the ultimate duty liability could be determined. en-us Thu, 22 Mar 2001 00:00:00 +0530 Wed, 14 Jul 2010 18:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45958 In provisional release of imported goods pending final assessment, the Court held that the customs condition requiring a bank guarantee could be modified rather than maintained in full, where the provisional assessment framework and case circumstances warranted relief. It accepted that the department could seek bond and security under the Customs Act, but found the original guarantee demand excessive on the facts. The bank guarantee requirement was reduced, with the balance to be secured by bond, and the pending final assessment was directed to be completed expeditiously so the ultimate duty liability could be determined. Case-Laws Customs Thu, 22 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45958