https://www.taxtmi.com/caselaws?id=45981 The High Court held that the demand for payment of duty saved amount and surrender of a special Import Licence was premature and invalid. The cancellation of the Letter of Permission (LOP) was set aside due to violations of natural justice. The invocation of the Bank Guarantee was deemed illegal and invalid as it did not meet necessary conditions. The court emphasized procedural fairness, adherence to contractual terms, and the rule of law, directing the petitioner to keep the Bank Guarantee renewed. No costs were awarded, and the judgment was to be provided to the parties. en-us Wed, 16 May 2001 00:00:00 +0530 Thu, 15 Jul 2010 10:43:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45981 The High Court held that the demand for payment of duty saved amount and surrender of a special Import Licence was premature and invalid. The cancellation of the Letter of Permission (LOP) was set aside due to violations of natural justice. The invocation of the Bank Guarantee was deemed illegal and invalid as it did not meet necessary conditions. The court emphasized procedural fairness, adherence to contractual terms, and the rule of law, directing the petitioner to keep the Bank Guarantee renewed. No costs were awarded, and the judgment was to be provided to the parties. Case-Laws Customs Wed, 16 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45981